Rebecca Enonchong / Mobile Transfer Tax “This tax is regressive and will slow down financial inclusion”

Rebecca EnonchongRebecca Enonchong

Rebecca Enonchong

From January 1, 2022, Cameroonians will pay a tax on mobile transfers. For Rebecca Enonchong, this new tax is regressive and will slow down financial inclusion.

The payment of taxes on mobile transfer operations is now effective in Cameroon since Saturday January 1, 2022. If this tax adopted in the 2022 finance law is at the heart of criticism, the successful entrepreneur, Rebecca Enonchong has expressed her anger.

Can you imagine having to pay a fee to withdraw your own money from your account? For millions of Cameroonians who hold their money in mobile money wallets, this became a reality on January 1. This tax is regressive and will slow down financial inclusion, “wrote Rebecca Enonchong.

And to continue: “mobile money is just a method of payment. There is no tax if I pay by check. No tax if I pay by cash. There is no tax if I pay by bank transfer. It is a tax against innovation. It’s a tax on the poor, ”she continued.

In addition to Rebecca Enonchong, several Cameroonian personalities have raised their voice to denounce a tax too reserved for the rich. “The increase in the tax of 0.2% on money transfers is simply a matter of what is called in economic intelligence economic security“, for his part said that the increase in the tax of 0.2 % on money transfers is simply a matter of what in economic intelligence is called economic security.

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