Museveni Introduces Tax On Social Media Platforms

Posted by: Kyeyune Andrew Jonathan in Business April 2, 2018

Social media populary known for showbiz, trending gossip and news circular could be taxed in Uganda according to Museveni.

Check also: Rwanda And Uganda Have No Conflicts-M7 Claims

Museveni ordered the Ministry Of finance to introduce a new tax on social media platforms in Uganda.

Social media tax is introduced as a method of soaring revenue in the country.

The President asked questioned why URA and the Treasury are not collecting excise duty on airtime, or taxing voice conversations. But rather choose to depend on “false declarations by telecom companies.”

On the Top Platforms, ie whatsapp, facebook, twitter, the president is suggesting a tax of Shs 100 to be charged on every sim card that uses them typically.

This, he estimates, will generate about Shs. 400 billion additional revenue, according to the estimated time that Ugandans spend on these sites.

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.