(Ecofin Agency) - Today, November 16, 2018, the reduction of taxes on mobile money withdrawals is coming into effect in Uganda. Mistakenly set to 1% by the president Yoweri Museveni, the tax which came into effect on July 1, 2018, was reduced to 0.5% in mid-July 2018. However, until today, it was the 1% which was still applied.

The president "has approved the law within the statutory time periods and it will be published tomorrow  [ed.notes: November 16]”, said David Bahati, the minister of state to the ministry of finance in charge of planning, on November 15, 2018, in front of the deputies who questioned him about the non-implementation of the said reduction.

Angered by the delays in the implementation of the 0.5% tax, the Ugandan parliament criticized the government for the implementation of the 1% tax which continued since July 2018 and has been affecting consumers and the economy.