Cameroonians oppose 0.2% mobile money tax
Cameroonians are opposing a 0.2% tax slapped on mobile money transactions by the government.
The tax which took effect on January 1, 2022, is expected to be levied on the transfer and withdrawal of money via the platform.
The tax also applies to transactions carried out through all traceable technical platforms like the internet, mobile phone, wire order and telex except for bank transfers and electronic transactions carried out to pay tax and customs duties.
On social media, Cameroonians are livid at the tax with the reason that the mobile.money component in particular is unfair in many ways.
One key voices against the tax is Rebecca Enonchong, a leader in African tech ecosystem who tweeted, “Can you imagine being charged a tax to withdraw your own cash out of your account? For millions of Cameroonians who hold their money in mobile money wallets, this became a reality on Jan. 1.
“This tax is regressive and will slow financial inclusion. #EndMobileMoneyTax. #WeSayNo.”
Read: 51 countries have implemented bans on cryptocurrencies
1.75% MoMo tax
Here in Ghana, opposition to the 1.75% tax on Mobile Money through the E-Levy Bill, took the stiff opposition of Minority Lawmakers.
Ghanaians would have otherwise started the new year with a 1.75% tax on Mobile Money transactions.
However, when Parliament reconvenes later this month (January 2022), it is expected that processes will be undertaken to pass the Bill to law.
The Minority Caucus in Parliament has however stressed it’s continued opposition to the levy.
