URA URA URA
  • EDITORIAL POLICY
  • ABOUT US
PML Daily
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Stanbic Stanbic Stanbic
Home NEWS

Kadaga tasks Finance Minister on Mobile Money law

XANTHIA LENI | PML Daily CorrespondentbyXANTHIA LENI | PML Daily Correspondent
November 14, 2018
2 1
2
SHARES
36
VIEWS
FacebookWhatsAppTwitter
Speaker of Parliament, Rt. Hon. Rebecca Kadaga has tasked Finance Minister, Matia Kasaija to explain the arrangements Government has in enforcing the Excise Duty Amendment Act (FILE PHOTO)

PARLIAMENT -Speaker, Rebecca Kadaga has tasked the Minister of Finance, Planning and Economic Development to explain the arrangements Government has in enforcing the Excise Duty Amendment Act which is commonly known as the Mobile Money Act.

The Speaker’s orders followed a concern raised by Lutamaguzi Ssemakula, (Nakaseke South) who wondered why the telecom companies are still charging 1% despite the fact that President Yoweri Museveni ascended to the bill.

“As we speak, most of the people who are the mobile money business have closed their business and we are wondering if it is a sign by Government to fail its own people or it is by accident. Why is it (Government) taking time to gazette that law.“

Kadaga remarked: “Can the Minister of Finance come and explain to us about his arrangements to enforce the Excise Duty Amendment Bill.”

Hardly one month into the implementation of the Act, the Legislation received fierce protest from the public prompting Government to bring amendments to the bill.

In the first legislation, Government had introduced a 1% tax on all mobile money withdraws in anticipation to collect Shs115bn but in the new proposal, the tax was reduced to 0.5%.

The second amendment saw the Bill go through a vote that saw 164 MPs voted to have mobile money tax upheld, while 124 voted against the controversial tax out of the 288 MPs that took part of the vote.

But despite the President ascending to the Act, the Act will only come into law after being gazette in the Uganda gazette.

Share this:

  • Twitter
  • Facebook

Related

Leave a comment

Tags: mobile money taxParliamenttop

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
UBTEB UBTEB UBTEB


About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us

  • EDITORIAL POLICY
  • ABOUT US

© 2023

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2023

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist