FDC advises govt to increase excise duty on MM as opposed 1% tax

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from left FDC deputy SG Harold Kaija, deputy spokesperson Paul Mwiru and Party president Patrick Amuriat Oboi during a press conference at Najjanankumbi. photo by Ronald Kabuye

By Ronald Kabuye
Opposition Forum for Democratic change FDC deputy spokes person and also Jinja east legislator Hon. Paul Mwiru has advised government to increase excise duty and value added tax VAT as opposed to 1% deduction on mobile money transactions and Over the Top Tax OTT since it amounts to double taxation which is illegal.
Apparently telecom companies pay 12% and 18% in excise duty and VAT taxes respectively on mobile money .
Mwiru said the 1% deduction on mobile money transactions will greatly affect the country’s economy since many will resort to keeping their money in their houses while many others will loss employment.
Apparently 54% can access mobile money services in the radius of 1km in rural areas as opposed to 16% that can access bank services
Meanwhile FDC says it didn’t loose in the local Council elections since they used them for mobilization hence gaining ground.
“We should not celebrate election results but the milestones achieved.
It is hard for NRM to celebrate the victory in LC elections since it has not taken away the poverty and poor social in the country ” Amuriat oboi FDC party president.

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