MoMo To Be Taxed Soon – Ursula Owusu Reveals
The Ministry Of Communications has revealed that taxing of Mobile Money (MoMo) transactions is next on its agenda.
Minister, Hon. Ursula Owusu said in an interview with Host of ‘Ekosiisen talkshow’ Osei Bonsu on Asempa FM that, the ministry is taking steps to begin taxing Mobile Money transactions soon.
According to the minister, the ministry is in talks with telecommunication companies in the country to pave way for the implementation of the policy.
“Mobile Money taxation is on our radar and we are monitoring and very soon you’ll hear of us in no time but as it stands it’s not been taxed,” she stated.
She believes it’s an emerging technology and that still under surveillance.