Mobile-money transaction levy beginning 1st January 2024

Mobile-money transaction levy beginning 1st January 2024.

Excluded are the following transactions ;

(1) The levy is not payable on a Exemptions
(a) transaction between from
payment of;
(I) a person to Government; or levy
(ii) Government to person;

(b) payment –
(i) of utility bills; or
(ii) to a merchant.

(c) transfer from a bank account.

(2) Despite subsection

(1), the Minister may, by statutory instrument, exempt a person from payment of a levy.

6. (1) The Bank shall maintain a mechanism of monitoring Monitoring person-to-person transfers to which the levy relates.