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Friday April 02 2021
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The government has proposed to abolish the payment of Over the Top Services (OTT) under the Excise Duty (Amendment) Bill, 2021.
The Bill scheduled for tabling on the floor of Parliament on Thursday by the Minister of Finance Matia Kasaija also proposes the re-introduction of excise duty at a rate of 12 percent on internet data.
However according to audit firm- PricewaterhouseCoopers, the Bill proposes exclusion for data used for the provision of medical and education services.
The Over the Top Services (OTT) or social media tax was first introduced in 2018 and caused a nationwide uproar and protests led by Kyadondo East MP Robert Kyagulanyi. Sections of the public then demanded a reconsideration of the Excise Duty (Amendment) Act, 2018 with a view of removing the Shs200 over the Top (OTT) tax that came into effect on July 1, 2018.
Gov t proposes to drop OTT – 93 3 KFM kfm.co.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kfm.co.ug Daily Mail and Mail on Sunday newspapers.
Govt wants OTT scrapped, proposes 12% tax on internet
April 1, 2021 Finance minister Matia Kasaija tabling the tax proposals
The government is proposing the abolition of Over the Top Services (OTT) under the Excise Duty (Amendment) Bill, 2021.
The Bill was tabled today by minister of Finance Matia Kasaija and proposes the re-introduction of excise duty at a rate of 12 per cent on internet data. According to audit firm, PricewaterhouseCoopers, the Bill proposes exclusion for data used for the provision of medical and education services.
OTT or social media tax was first introduced in 2018 and caused a nationwide uproar and protests led by the outgoing Kyadondo East MP and former presidential candidate Robert Kyagulanyi. A section of the public then demanded a reconsideration of the Excise Duty (Amendment) Act, 2018 with a view of removing the Shs 200 OTT tax that came into effect on July 1, 2018.
Govt wants OTT scrapped, proposes 12% tax on internet observer.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from observer.ug Daily Mail and Mail on Sunday newspapers.
Press release content from Wired Release. The AP news staff was not involved in its creation.
Global Over-The-Top Services (Ott) Market Outlook: Limping Into A Brighter 2021
January 29, 2021 GMT
Pune, Maharashtra, January 29 2021 (Wiredrelease) Market.Biz :Global Over-the-Top Services (OTT) Market 2021: By Type:(Online Gaming, Music Streaming, VoD and Communication); By End Use Industry:(Media Entertainment, Education Training, Health Fitness, IT Telecom, E-commerce, BFSI, Government); By Leading Players: (Facebook, Netflix, Amazon, Microsoft); Regional Analysis; Historical Market and Forecast; Value Chain Analysis; Price Analysis; Market Dynamics; Industry Events and Developments.
The global Over-the-Top Services (OTT) market was hit extremely hard from the first wave of Covid-19. Now that we are beginning feel the effects of the second wave, especially in Europe and America. So to kick things off, we have discussed how the Over-the-Top Services (OTT) Industry reacted to the fir