Bank of Uganda now backs 0.5% new tax rate

679 views · Published 11 September 2018 · 1:52 · Indexed 12 November 2026

Channel: NTVUganda · 2018 · News & Politics

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Bank of Uganda now supports the 0.5% tax on mobile money withdrawals contrary to its earlier position in August that the tax was negatively affecting the economy. BOU Governor Tumusiime Mutebile is currently before the Finance Committee of parliament also revealed that the bill to regulate mobile money services will be tabled before the House in October.

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