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" Users of the social media do not have the right to waste the dollars I earn with my coffee, my milk etc. by constantly giving money to foreign telephone companies by chatting or even lying and then they are allergic to a modest contribution to their country from which they abuse collective wealth, "said Museveni on his Facebook page Wednesday afternoon
Below the full statement:
Dear Ugandans,
Greetings.I use social media to share with you the reasons for the media tax
Our budget for this year is 32 trillion shillings ($ 8.44 billion) .The taxes collected in Uganda and other taxes for this fiscal year are To $ 175.5 billion ($ 4.6 billion).
The balance (the difference) is managed by borrowing outside the country, or 8.3 trillion shillings ($ 2.2 billion). dollars), as well as domestic loans, 7 bi million US dollars ($ 1.8 billion). We also receive $ 280 billion in external grants. ($ 72.9 million)
Why do we have to borrow or beg from the outside or even borrow from within? We do it because many people who are supposed to pay the tax do not pay tax.
How do we know it? We know this by using the standard measurement used all over the world. That's the GDP: tax ratio. This means that the amount of taxes paid compared to the size of GDP, the size of the economy.
In 1991, it was only 4% of GDP. When we formed the URA, it rose to 12% and it has stagnated for a long time. The last fiscal year was 14.2%
In other European countries, the ratio of GDP to tax is 30% or more. The average GDP / tax ratio in Africa is 18%. Why is the GDP / tax ratio in Uganda so low? Here are the reasons:
(a) The telephone companies were underreporting calls until recently when we acquired machines to see phone calls ourselves.
(b) Many people who should pay taxes on rent income do not pay or pay;
(c) Many citizens are still in subsistence agriculture (okukolera olubuto kyokka, Itiyo pi ikeni) and the informal sector (juakali) and I am still opposed to taxes on these sectors (gonja roasters, sellers mchomo, mechanics, carpenters etc.); in any case, it is difficult to know how much they earn;
(d) The absence of border scanners allows misrepresentation of goods in containers. The URA now has 4 scanners only. I ordered them to buy enough scanners to cover all entry points by land, by water and by air; and
e) Slow introduction of electronic stamps on goods imported from the outside at the factory level.
So we collect consumption taxes on luxury, income tax, profit tax and import tax. consumables minus production inputs only. That's why we end up with a low tax rate of GDP: only 14.2% and we have to borrow or beg, but our economy is growing.
Specifically with regard to social media and mobile money taxes, Ugandans have questions:
1. When you post or send communications on social media platforms like Facebook or other, is it free or do you pay?
2. Do you send mobile money for free or do you pay?
3. If you pay, who do you pay?
4. Do you pay in dollars or local shillings?
5. If you pay in local shillings, do those you pay, most of which are foreign companies, take money in Uganda in local shillings or dollars?
If that 's the money, who won those dollars?
Let us first answer the last question. These dollars are earned by us who produce coffee, tea, dairy products, our gold, our tourism, our processed fish, our manufactured products (cement, textiles, soap, mattresses, cooking oil, etc.). ). 19659028] Therefore, some of us, including myself, earn dollars or save dollars by producing products instead of importing them, but some of our compatriots donate these dollars to foreigners by chatting endlessly on social media. Is it correct or right? Is it good for our country?
The transfer of money by mobile phone is, of course, different from chatter on social networks. Chatting on social networks is a luxury for those who are amused or who are malicious.
The transfer of money by mobile phone, on the other hand, is a useful service. Since the informal sector (juakali, mchomo selling etc) is never taxed and I am still against these direct taxes on these sectors, is this too much for users of transmitters and receivers of any kind? mobile money to contribute modestly to the development of their country?
The 1% was a communication problem. The actual figure was 0.5%, half of one percent. This is what we should debate about mobile money
As for the social media tax, all moral reasons are in favor of this tax. Social media users do not have the right to waste my coffee, my milk, and so on. by constantly giving money to foreign telephone companies chatting or even lying. They are even allergic to a modest contribution to their country. collective wealth, they abuse.
The same with those who engage in gambling games. They bet in local shillings. Since, however, our economy is open, foreign betting machine owners rush to forex offices, buy dollars, those I've earned, so as to outsource them. That's what affects our shilling.
Importers of foreign luxury goods – wines, whiskeys, artificial hair, furniture, textiles, shoes, etc., which can be made here, also waste our dollars. From our campaigns, the import bill has gone from 7 to 5 billion US dollars.
There are no taxes on agricultural products, no taxes on machinery for factories or agricultural machinery, no taxes on raw materials, no taxes on school materials, no drug taxes,
Most of the inputs into wealth creation and jobs are not taxed because we want people to engage in production. The essential is never imposed.
This is to clarify that there is no tax on the simple deposit of money on a mobile phone account. This confusion should be clarified. The half-rate tax, not 1 percent, is only on the sender and recipient of money by mobile money. Discuss this.
I congratulate our science team for demonstrating that we now have our eyes to see what is happening in telecommunications and financial services. More games.
This ability will be expanded to occupy criminal pigs who have made it a hobby to kill Ugandans. They will pay. I am however interested in a rational and honest dialogue, especially on the tax at half-tax on the sending and receiving of mobile money
Signed
Yoweri Kaguta Museveni [19659039] var FBIsLoaded = false;
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