Bank of Uganda Opposes Mobile Money Tax

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Bank of Uganda warns members of parliament against the 0.5% amendments in the Excise duty tax on mobile money saying it should be at 0% Bank of Uganda officials say the proposed amendments are not neutral and have additional dangers regarding the growth of the financial inclusion This as reports emerge that during the two weeks implementation of the 1% mobile tax, the country lost 672 billion shillings contrary to government claims.

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