The Ugandan government has unveiled plans to introduce a 10% tax on mobile money transactions. In the 2013/14 financial budget unveiled on Thursday, the country’s finance minister, Maria Kiwanuka, said the government expects to raise UGX32 billion (USD12 million) annually, and that the government has also introduced a tax on inbound international calls which could raise UGX43 billion per year. The taxes are subject to parliamentary approval. The BBC states that the Ugandan government was under pressure to raise funds as it attempts to address a USD214 million shortfall in the annual budget after donors cut aid over accusations of corruption.
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