Matooke Republic
Wednesday, September 16, 2026
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Are MTN Mobile Money refunds hot air?

Alex Taremwa by Alex Taremwa
August 6, 2018
in Business, Featured Stories
Reading Time: 2 mins read
Share on FacebookShare on Twitter

After government slashed the dreaded mobile money tax from 1% to 0.5%, President Yoweri Museveni while responding to comments on his social media intimated that telecom companies will refund the money that incurred the 1% charge. 

However, several telecom companies have effected the directive – except MTN Uganda.

RELATED POSTS

Makerere University introduces supplementary exams for students with retakes: Who qualifies and how much does it cost?

Equity Bank explores financing support for Zigoti Coffee Works expansion

According to several customers that Matooke Republic has talked to, they stop at receiving an SMS that their money has been refunded but the money itself doesn’t come. 

“Dear MTN, I received this text early last week but there is no evidence of the said refund.
You need to clarify to your subscribers what this is about. Do not take us for granted,” wrote a one Benjamin Mutebi.

Another customer who received the refund text wondered why he could not see the refunded money. 

“But I can’t see the refunds? Where were they sent? I think MTN is here to test our anger management skills,” Bish Roland said.   

It is also on record that despite slashing the tax by half, MTN insisted on collecting the 1% arguing that Parliament had not passed the amendment on excise duty effecting the changes. 

Valery Oketcho, the MTN Corporate Communications Director told Matooke Republic that the refunds actually paid out from July 27, 2018, until Monday 30, 2018.  

“We received a letter from the Uganda Revenue Authority (URA) on July 25th to make the refunds and started the process on 27th till midnight on 30th. Everyone who was charged was refunded,” he said.

Oketcho further explained that the SMS notifications were sent to customers after the refunds were made adding that some had probably already spent the money without checking their mobile money balances first. 

“The total amount of money paid in refunds was about Shs1.3bn and our system shows that it was paid out,” he added. 

Related

Tags: Mobile Money Tax
Share3Tweet1Send
Alex Taremwa

Alex Taremwa

Founder of The Workshop Uganda

Related Posts

MP Elijah Okupa that read the report in Parliament today.

Report on the economic impact of COVID-19 on Uganda recommends suspension of OTT, reduction of interest rates, mobile money tax

by Norman Mwambazi
6 years ago

...

Kyadondo East MP Robert Kyagulanyi aka Bobi Wine.

Bobi Wine asks Gov’t to suspend OTT and mobile money taxes to allow the public easily access information about Coronavirus on social media

by William Kasoba
6 years ago

...

Mobile Money still the most used financial service in Uganda despite tax – research reveals

by Matooke Republic
7 years ago

...

Mobile money tax undermines financial inclusion efforts — Twaweza report

by Matooke Republic
7 years ago

...

Our parliament is a collection of poor graduates, they can’t think beyond money – Ex Katikkiro Dan Muliika

by Alex Taremwa
8 years ago

...

Next Post

Government reviewing social media tax expiry

PHOTOS/ VIDEO: Newly married Judith Babirye holds special thanksgiving service at Liberty Worship Centre

RECOMMENDED

A section of patients wait to receive medical services in Bugerere on Tuesday.

Thousands receive free medical and surgical services at Buganda Kingdom and I&M Bank backed Tubeere Balamu Health Camp in Kayunga

September 16, 2026

Makerere University introduces supplementary exams for students with retakes: Who qualifies and how much does it cost?

September 16, 2026

MOST VIEWED

  • Why ex-army Military Intelligence Chiefs Kandiho, Bakahumura were arrested

    50 shares
    Share 20 Tweet 13
  • Who is Prince Edward Kijanangoma Rukidi, the New King of Tooro?

    40 shares
    Share 16 Tweet 10
  • LIST: IGP Byakagaba transfers 21 senior officers in major reshuffle

    63 shares
    Share 25 Tweet 16
  • VIDEO: King Oyo shows off ‘dope’ dance moves at Princess Komuntale wedding

    404 shares
    Share 162 Tweet 101
  • What King Oyo’s Will Says About Who Should Succeed Him

    19 shares
    Share 8 Tweet 5
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2026

© Matooke Republic 2026

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.