Uganda misses social media tax revenue target

A smartphone user. Uganda missed social media tax revenue target in the last quarter ended September. FILE | NATION MEDIA GROUP

Uganda government collected Ush20.5 billion ($5.4 million) from social media tax in the last quarter ended September, according to data obtained from Uganda Revenue Authority (URA).

The tax, which was implemented in July, was however, less than the Ushs24.9 billion ($6.6 million) target that URA had hoped to collect in the period.