• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Lifestyle
Social media tax will not stop Ugandans from gossiping

New Taxes Likely to Hurt Economy

June 27, 2018
Museveni details how NRA acquired 20000 guns in a short time

Museveni details how NRA acquired 20000 guns in a short time

February 6, 2023
Eddy Kenzo’s selfishness has failed me, other Ugandan artistes from winning international awards- Big Eye

Eddy Kenzo’s selfishness has failed me, other Ugandan artistes from winning international awards- Big Eye

February 6, 2023
Tayebwa appeals to Ugandans to improve road safety as Joe Walker embarks on new campaign

Tayebwa appeals to Ugandans to improve road safety as Joe Walker embarks on new campaign

February 6, 2023
Uganda will have peaceful transfer of power but not under Museveni, says Besigye

Besigye: Uganda’s current products of formal education do not inspire children to strive hard

February 6, 2023
Quake victims climb beyond 1,000 mark as second earthquake hits Turkey

Quake victims climb beyond 1,000 mark as second earthquake hits Turkey

February 6, 2023
Museveni awarded Katonga medal at 42nd Tarehe Sita celebrations (PICTORIAL)

Museveni awarded Katonga medal at 42nd Tarehe Sita celebrations (PICTORIAL)

February 6, 2023
Museveni receives highest military decoration in Uganda for role in creation of UPDF

Museveni receives highest military decoration in Uganda for role in creation of UPDF

February 6, 2023
Man awarded shs6m in damages for wrongful detention by police 20 years ago

Man awarded shs6m in damages for wrongful detention by police 20 years ago

February 6, 2023
Man forced to abandon his house because of life-threatening smoke from neighbouring factory

Man forced to abandon his house because of life-threatening smoke from neighbouring factory

February 6, 2023
Joshua Karamagi appointed CEO of UETCL

Joshua Karamagi appointed CEO of UETCL

February 6, 2023
Logo
  • News
    • Politics
    • Business
    • 2021 Elections Watch
      • The Election Podcast
    • Exclusive
    • Investigations
  • Education
  • Security
    • Cyber Security
  • Health
    • Coronavirus outbreak
  • Opinions
    • Columns
      • Parting Shot
      • Two Sides of a Coin
      • Bazanye’s Quick Shots
      • Mable Twegumye Zake’s #BitsOfMe&You
      • But this Year!
      • What Did I Miss?
  • Lifestyle
    • Hatmahz Kitchen
    • Food Hub
    • Let’s Talk About Sex
    • Entertainment
    • Tour & Travel
    • Love Therapist
    • Homes
  • Global
    • Africa
    • Asia
    • Middle East
    • Europe
    • The Americas
  • East Africa
    • Kenya
    • Rwanda
    • Tanzania
    • South Sudan
    • DR Congo
    • Ethiopia
    • Sudan
  • Technology
  • Ask the Mechanic
  • Special Reports
    • Kabaka Mutebi’s 25th Coronation Series
    • Focus on Somalia
    • Sino-Africa
    • Uganda at 56
    • Anti-Corruption Fight
    • Age Limit Map
    • Tuve Ku Kaveera
  • Sports
    • Place-It
    • StarTimes Uganda Premier League
    • Bundesliga
    • World Cup
  • Jobs
No Result
View All Result
Logo
No Result
View All Result
Home News

New Taxes Likely to Hurt Economy

Agaba Tabitha by Agaba Tabitha
June 27, 2018
in News, Technology
Reading Time: 2 mins read
0
Social media tax will not stop Ugandans from gossiping

With the new proposed taxes scheduled to take shape next week, Dr.Fred Muhumuza an economist, says that some new taxes such as social media tax will be hard to implement saying that social media is a business platform.

In an interview with the Morning Breeze on NBS, Dr. Muhumuza said that the right que is to strengthen the tax base however some of these taxes may kill off some investments and as such there needs to be a  balance  at the speed at which the economy is growing and the tax base.

The social media tax which was approved by Parliament in May means that each person using platforms like WhatsApp, Facebook, Viber and Skype among others, will be subjected to a daily levy of Shs 200 while each mobile money transaction will be subjected to a 1 per cent excise duty. The government is projecting to collect Shs 284 billion from the measures.

Dr. Muhumuza said “We will need to wait for the first quarter to see if the minister will realize the intended revenue. By putting 200shs on someone who spends 500shs, some people may fall off.”

While appearing before the Parliamentary committee on Finance in May before the tax proposals were approved, Francis Kamulegeya, Director of Accounting and Audit at PriceWaterhouse Coopers (PwC) told the committee that the tax proposals were only aimed at exploiting the public.

AD-03 AD-03 AD-03
ADVERTISEMENT

Dr. Muhumuza said that the mobile money tax is the payment system that is being taxed now.

Data from Uganda Communications Commission shows that there are about 21 million mobile money subscribers in Uganda. Mobile money has been used by a number of institutions that are involved in financial inclusion.

On the general state of the economy Dr.Muhumuza said that the inflation is low and the demand is not enough to drive the economy.

Dr. Muhumuza also said that the focus needs to  shift from power production to power transmission and how best power  can be distributed in the places that don’t yet have it.

Tags: affectdeflationeconomic situationfacebookinflationnew taxessocial mediasocial media taxtax burdentaxesviberwhatsapp
ShareTweetSend
Previous Post

Uganda to Mark National Physical Activity Day

Next Post

US Defense Chief Arrives in China for Bilateral Military Talks

Agaba Tabitha

Agaba Tabitha

Related Posts

Museveni details how NRA acquired 20000 guns in a short time

Museveni details how NRA acquired 20000 guns in a short time

by Kenneth Kazibwe
February 6, 2023
0

President Museveni has for the first time detailed how his National Resistance Army rebels were in a period of less...

Tayebwa appeals to Ugandans to improve road safety as Joe Walker embarks on new campaign

Tayebwa appeals to Ugandans to improve road safety as Joe Walker embarks on new campaign

by Julius Kitone
February 6, 2023
0

The deputy speaker of Parliament, Thomas Tayebwa has urged VIPs to drive with caution as one way of reducing road...

Uganda will have peaceful transfer of power but not under Museveni, says Besigye

Besigye: Uganda’s current products of formal education do not inspire children to strive hard

by Muhamadi Matovu
February 6, 2023
0

The leader of People’s Front for Transition (PFT) Dr Kizza Besigye has said Uganda’s current products of formal education do...

Museveni awarded Katonga medal at 42nd Tarehe Sita celebrations (PICTORIAL)

Museveni awarded Katonga medal at 42nd Tarehe Sita celebrations (PICTORIAL)

by David Jack Tumusiime
February 6, 2023
0

Uganda has today celebrated the 42nd Tarehe Sita in Mbarara where the President Yoweri Museveni was the chief guest. We...

Next Post
US Defense Chief Arrives in China for Bilateral Military Talks

US Defense Chief Arrives in China for Bilateral Military Talks

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
How fake female UPDF colonel was undressed

How fake female UPDF colonel was undressed

February 3, 2023
Matua: Minister Amongi gave me evidence to pin NSSF rot

Who is Richard Matua: the NSSF petitioner? 

February 4, 2023
US court awards family of Ugandan activist Nakajjigo Shs40bn over her wrongful death

US court awards family of Ugandan activist Nakajjigo Shs40bn over her wrongful death

February 1, 2023
Museveni details how NRA acquired 20000 guns in a short time

Museveni details how NRA acquired 20000 guns in a short time

February 6, 2023
Eddy Kenzo’s selfishness has failed me, other Ugandan artistes from winning international awards- Big Eye

Eddy Kenzo’s selfishness has failed me, other Ugandan artistes from winning international awards- Big Eye

February 6, 2023
Tayebwa appeals to Ugandans to improve road safety as Joe Walker embarks on new campaign

Tayebwa appeals to Ugandans to improve road safety as Joe Walker embarks on new campaign

February 6, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Careers
Call us: +256-417-720-101
Email: [email protected]

© 2020 Nile Post Uganda Ltd. - A Next Media Services Company.

No Result
View All Result
  • News
    • Politics
    • Business
    • 2021 Elections Watch
      • The Election Podcast
    • Exclusive
    • Investigations
  • Education
  • Security
    • Cyber Security
  • Health
    • Coronavirus outbreak
  • Opinions
    • Columns
      • Parting Shot
      • Two Sides of a Coin
      • Bazanye’s Quick Shots
      • Mable Twegumye Zake’s #BitsOfMe&You
      • But this Year!
      • What Did I Miss?
  • Lifestyle
    • Hatmahz Kitchen
    • Food Hub
    • Let’s Talk About Sex
    • Entertainment
    • Tour & Travel
    • Love Therapist
    • Homes
  • Global
    • Africa
    • Asia
    • Middle East
    • Europe
    • The Americas
  • East Africa
    • Kenya
    • Rwanda
    • Tanzania
    • South Sudan
    • DR Congo
    • Ethiopia
    • Sudan
  • Technology
  • Ask the Mechanic
  • Special Reports
    • Kabaka Mutebi’s 25th Coronation Series
    • Focus on Somalia
    • Sino-Africa
    • Uganda at 56
    • Anti-Corruption Fight
    • Age Limit Map
    • Tuve Ku Kaveera
  • Sports
    • Place-It
    • StarTimes Uganda Premier League
    • Bundesliga
    • World Cup
  • Jobs

© 2020 Nile Post Uganda Ltd. - A Next Media Services Company.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?