@THE-EAST-AFRICAN

Uganda misses social media tax revenue target - 3 months ago, 8 Nov 15:39

By: Daily Monitor

Uganda government collected Ush20.5 billion ($5.4 million) from social media tax in the last quarter ended September, according to data obtained from Uganda Revenue Authority (URA).

The tax, which was implemented in July, was however, less than the Ushs24.9 billion ($6.6 million) target that URA had hoped to collect in the period.

The tax was introduced in the Excise Duty amendments of financial year 2018/19 requiring all social media users to pay UShs200 (about Sh5) per day, before accessing certain platforms such as Facebook, Whatsapp and Twitter, among others.

Uganda intends to collect about Ush100 billion ($26.6 million) before the end of the 2018/19 financial year.

However, this continues to be a difficult prospect as some social media users have cut back on how much they spend on data while others are using Virtual Private Networks (VPN) to manoeuvre around the tax.

Use of VPNs
Mr Ian Rumanyika, the URA ...
Read More


Category: topnews news business

Suggested

1 hour ago
Ruto to quit 2029, President not monarch, Murder suspect's confession video: Your Breakfast Briefing

Good Morning.President Uhuru Kenyatta’s Jubilee administration intend to sink a further Sh8.4 billion into the controversial laptop project that has so far gobbled in excess of Sh50 billion.The ...

Category: topnews news
1 hour ago
Ruto expands team, plans to quit in 2029

Deputy President William Ruto has expanded his team of advisers to include political heavyweights as he announced that he would like to serve one seven-year term if he is elected in 2022.And the ...

Category: topnews news
1 hour ago
Why Rutophobia is at the heart of the call for constitutional changes

In Kenya’s schizophrenic politics, it is sometimes difficult to find meaning in every word or action of the politicos. Like the narcos of yonder, the politicos of Kenya can be extremely wily, guileful ...

Category: topnews news
2 hours ago, 06:32
Polarized by Catalonia, Spain heads to the polls

Spain’s Prime Minister Pedro Sanchez has called a general election for April 28 after his minority government’s budget proposal was rejected by lawmakers. The election is Spain’s third in less than ...

Category: topnews news
1 hours ago, 07:02
Egyptian MPs back changes that could keep Sisi in power till 2034

The Egyptian parliament on Thursday approved in principle proposed constitutional amendments that would allow President Abdel Fattah al-Sisi to stay in power until 2034 and boost his control of the ...

Category: topnews news
1 hour ago
Referendum push plot by politicians to remain relevant, influential

The fight for positions in post-President Uhuru Kenyatta government has intensified, with politicians pushing for a referendum to expand the Executive. Pundits, politicians and civil society groups ...

Category: topnews news