Changes in levy on mobile money withdrawals to wait till law is gazetted – Minister

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Following his confirmation that President Museveni had assented to the Excise Duty (Amendment) (No.2) Act, 2018 that proposed a controversial 0.5 per cent tax on mobile money withdrawals, State Minister for Finance David Bahati indicated that telecom companies would reduce the charges from 1 per cent to 0.5 per cent on withdrawals only when the Act is gazetted in the Uganda Gazette.

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