In a significant development, leading mobile money providers in Sierra Leone, Orange and Africell, have announced the implementation of the Goods and Services Tax (GST) on all their financial services.
This move comes in response to the recently introduced Finance Act of 2023.
Africell has relayed the forthcoming changes to its customers, stating, “As of 15th October, they will be updating all Mobile Money Fees to reflect GST. This adjustment will take effect on the 15th of October 2023 and is in accordance with the Finance Act of 2023.”
Similarly, Orange has informed its customer base, saying, “Dear Customer, please note that in compliance with the new Finance Act, all our Orange Money fees will be updated to reflect GST. This change will come into effect on 15th October 2023.”
With the integration of GST, users who frequently use mobile money for their financial transactions should anticipate changes in the overall fee structure. All charges and fees will now be inclusive of the newly imposed GST.
Despite the impending fee alterations, Orange Money expressed its gratitude to its vast customer base for their unwavering support. The company also emphasized its commitment to delivering high-caliber services.
