April 18, 2018 IBOMLLC Team

Uganda Government wants to tax Social Media users $0.03 daily

Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

The President of Uganda, Yoweri Museveni recently shocked the world when he said he would introduce a tax on social media platforms. His main reason for doing so, is to deter people from going online and gossip.

That news was shrugged off as just a bluff until the Daily Monitor published news that Uganda’s State Minister for Planning, David Bahati, said he was working on a bill that will propose a daily UGX 100 ($0.027) tax on social media users. The tax will be levied on every SIM card used to access the social media platforms.

The social media platforms targeted for taxation include Facebook, WhatsApp, Twitter, Skype, and Viber. In addition to the UGX 100 daily tax for using social media, the government is also planning to introduce a 1% tax on every transaction done on mobile devices. That will mainly target FinTech based solutions such as mobile money’s withdrawal and deposits.

The reasons behind the introduction of these taxes (other than to deter online gossip) are to increase the government revenue to fund domestic budget. However, when you consider the fact that Uganda has a low …read more

Read more here:: Uganda Government wants to tax Social Media users $0.03 daily



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