Mobile Money Tax: Airtel Refunds Cash Charged in Error for Mobile Money Deposits

  • by Mark Kalule
  • July 29, 2018
Airtel Uganda announces the reimbursement of tax to all its customers who were charged the 1% tax for making mobile money deposits and bank to wallet transfers.
The reimbursement follows a directive from Uganda Revenue Authority which states that the 1% excise duty previously charged is not applicable to the aforementioned transactions under the Excise Duty (Amendment Act), 2018.
All Airtel Money subscribers who had transacted in the period between July 1st – 4th 2018 have received full tax reimbursement, the telecom company indicated.
Making the announcement, Airtel Uganda’s Managing Director, VG Somasekhar highlighted the company’s commitment to compliance. “Airtel Uganda is 100% compliant to laws and regulation set by Government and regulators. The refunds have already been made. Our customer care teams will be at your service to handle any issues that may arise, ” he is quoted in a statement posted on the company social media platforms.