Uganda's social media tax has led to a drop in internet and mobile money users

Uganda’s social media tax has proved to be detrimental to both its internet and mobile money sectors.

In the three months following the introduction of the levy in July 2018, there was a noted decline in the number of internet users, total revenues collected, as well as mobile money transactions. In a series of tweets, the Uganda Communications Commission noted internet subscription declined by more than 2.5 million users, while the sum of taxpayers from over-the-top (OTT) media services decreased by more than 1.2 million users. The value of mobile money transactions also fell by 4.5 trillion Ugandan shillings ($1.2 million).

Source: Quartz Africa. Full article here.