IFRAME SYNC
Home » News » Uganda news » Airtime Prices Increase Due To New URA Tax Policy
Airtime scratch cads to be erased

Airtime Prices Increase Due To New URA Tax Policy

According to Ian Rumanyika the corporate affairs manager at URA, the main airtime distributors of airtime have agreed to the new changes in tax policy.

Check also: UCC takes on MTN over Internet Bundles

Recently airtime vendors have been charging an extra 10 percent over and above the face value of airtime. This has shocked Ugandans and yesterday the telecom companies responded by asking their customers to buy airtime using mobile money.

However, this increase is as a result of a tax policy by the Uganda Revenue Authority where VAT will now be paid on the entire value of an airtime card by the telecoms where previously it was only partial.

According to Ian Rumanyika the corporate affairs manager at URA, the main airtime distributors of airtime have agreed to the new changes in tax policy.

However, it appears the smaller vendors are not on board and have resorted to charging more than the face value of the airtime.

Source: NTV

Check also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards

Comments

comments

Loading...

About Kyeyune Andrew Jonathan

Loading...
x

Check Also

UAE Grants Amnesty To Undocumented Ugandan Workers A Path To Safety And Support

UAE Grants Amnesty To Undocumented Ugandan Workers: A Path To Safety And Support

The United Arab Emirates ( UAE ) has recently implemented a 90-day amnesty period, providing ...