Taxation of digital financial services (DFS) in Africa


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Total population : 47.25 M. (2022)
Working age (15-64) population : 25.29 M. (2022)
Mobile money accounts1: 41 M. (2022)
Transaction values (% GDP) : 101,78% (2022)

1Note: Responses are from participants aged +15

Changes to specific taxes on digital financial services in Uganda


  1. Excise tariff (Amendment) Act 16 of 2013, Supplement No. 7
    Uganda implements a 10 per cent excise duty on money transfer services, excluding services provided by banks.
  2. Excise Duty Act 2014 (Acts Supplements), Schedule 2, Part 1, item 13(c).
    Uganda includes money withdrawals in the scope of the excise duty on fees, excluding withdrawals services provided by banks.
  3. The Excise Duty (Amendment) Act, 2018. Section 6(g)
    Uganda increases the excise duty on money transfers and withdrawals fees from 10 to 15 per cent, and implements a 1 per cent tax on money received, payments, and withdrawals.
  4. The Excise Duty (Amendment) (N°2) Act, 2018. Section 6(g).
    Uganda restricts the tax on withdrawal transaction values (with an exemption for money transfers) and decreases the tax rate from 1 to 0.5 per cent.

Mobile money use and accounts

Evolution in the usage of mobile money
(source: IMF, Financial Access Survey (FAS) (2023) )

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Evolution in mobile money and financial institution accounts
(source: World Bank, Global Findex Database (2021) )

Disparity in Digital Financial Service usage between wealthier and poorer segments of the population
(source: World Bank, Global Findex 2021)

Made or received digital payment (% of each group)

*Note: responses are from participants aged +15

Mobile money accounts (% of each group)

*Note: responses are from participants aged +15

Financial institution accounts (% of each group)

*Note: responses are from participants aged +15

Digital payments and accounts by user group
(source: World Bank, Global Findex 2021)

Adults making or receiving digital payments

Adults with a mobile money account

Adults with a financial institution account

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Last update : 31/01/2024