The effect of mobile money tax on growth of SMEs
Agira, Anitah Pearl
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Small to medium enterprises being the potential engines of growth innovation, wealth creation and economic development in Uganda. there was need to access the effects of mobile money tax on their growth. this tax is mostly a discouraging factor in most of the businesses due to increased expenses. This study specifically assessed how mobile money affected growth of small to medium enterprises, its challenges and strategies that can be adopted to improve mobile money tax payment without adversely affecting the SMEs. primary data was collected from a sample of 96 respondents using well pretested questionnaire and analysis was done in SPSS. Majority (51.04%) of the respondents were males. 23.96% of the respondents were aged 12-24, 36.46%, 25-37, 21.88% were aged 38-50. over 42.71% of the respondents were single and 41.67% married. on the aspect of education 43.75% finished highest level of education . as far as the effect of mobile money tax is concerned, 87.5% of the respondents agreed that the cost of doing business increased. 67.7% agreed that their income had changed significantly and about 54.20% witnessed a decrease in their daily customers. About the challenges, most of the respondents reported that the tax was unfair and inconvenient. Therefore there is need for government to sensitize the masses as well as provide evidence to what the tax payers money is doing. A very detailed accountability of the achievement would go a long way making people feel better about their contributions.