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Players in the mobile money business have bemoaned the intention by Zambia Revenue Authority to devise ways of taxing mobile money transactions to broaden the tax base of the country.
A mobile money operator, Nevers Sinyinza, has told Diamond News that taxing transactions will cripple their commission-based business.
Another operator who sought anonymity says the introduction of the tax on the transaction has a potential of kicking some operators from the business which requires an annual trading permit of over 1, 600 kwacha.
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Meanwhile, Mobile Money Business Association President, Pamfred Hasweeka, says there is need to enhance sensitisation on the undertaking by the Zambia Revenue Authority.
By Shem Malinda
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