Finance Ministry defies Museveni on 1 % Mobile Money Tax refunds - Business | NTV

Finance Ministry says 1 percent Mobile Money Tax will not be refunded

Friday October 5, 2018

The Ministry of Finance has confirmed that money that was collected under the 1% tax that was quashed by Parliament will not be refunded to customers.

This comes at a time when legislators are calling for a reversal of taxes that were collected under 1% since it was illegally collected.

When he ordered for a review of the tax to 0.5%, President Yoweri Museveni also asked that customers who had been charged 1 percent on their transactions get refunded.

However, it appears the government will not be doing that.

KFM Reports that on Friday, the Permanent Secretary Ministry of Finance Mr Keith Muhakanizi said that this tax was collected legally and spent legally and thus refunds cannot be done ease.

He said that all said the tax was collected and has been spent under the ongoing second quarter thus the government has no money to pay back customers.