• Latest
New Law to Impose 30% Tax on Betting

New Law to Impose 30% Tax on Betting

2 years ago
Turkish Influencers Capture Close-Up Moments with Rhinos at Ziwa Sanctuary

Turkish Influencers Capture Close-Up Moments with Rhinos at Ziwa Sanctuary

5 hours ago
Uganda–Kenya Trade and Investment Mission Launched in Kampala

Uganda–Kenya Trade and Investment Mission Launched in Kampala

6 hours ago
ICT Ministry, MultiChoice Launch Media Training for Government Spokespersons

ICT Ministry, MultiChoice Launch Media Training for Government Spokespersons

7 hours ago
Museveni Urges Wakiso Residents to Prioritise Household Wealth

Museveni Urges Wakiso Residents to Prioritise Household Wealth

7 hours ago
Museveni Meets Rugby Africa President as Uganda Prepares to Host 2025 Africa Cup

Museveni Meets Rugby Africa President as Uganda Prepares to Host 2025 Africa Cup

7 hours ago
The Congolese Backbone of Kampala’s Local Fashion and Beauty Economy

The Congolese Backbone of Kampala’s Local Fashion and Beauty Economy

8 hours ago
SoftPower News
Tuesday, July 8, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Business

New Law to Impose 30% Tax on Betting

by Muhamadi Byemboijana
May 5, 2023
New Law to Impose 30% Tax on Betting
57
VIEWS

Parliament has passed the Lotteries and Gaming (Amendment) Bill, 2023 which will revise the existing tax of 20 per cent under the existing law to 30 per cent for gaming activity.

Clause 48(1) of the Lotteries and Gaming Act, 2016 states that ‘an operator of a casino, gaming or betting activity issued with a licence under this Act shall, in addition to taxes prescribed by law, pay a gaming tax at the rate prescribed in Schedule 4’.

Related Stories

Turkish Influencers Capture Close-Up Moments with Rhinos at Ziwa Sanctuary

Uganda–Kenya Trade and Investment Mission Launched in Kampala

ICT Ministry, MultiChoice Launch Media Training for Government Spokespersons

Schedule 4 of the existing law prescribes the rate of tax as 20 per cent of the total amount of money staked, less the payouts/winnings, for the period of filing returns.

While presenting a report on the Bill during on Thursday, 04 May 2023, the Deputy Chairperson of the Finance Committee, Hon. Jane Pacutho said the 20 per cent tax rate will be maintained on sports betting.

She added that there are multiple start and stop points within some games which makes it hard to enforce the tax point for winnings, including punter sessions for games like roulettes, poker and slots.

“Consequently, casinos are instead using the end-of-day reconciliations to account for withholding tax which would only be on the days when they have made losses. Such an occurrence is highly unlikely for a casino because betting/gaming companies are always winning,” reads the committee report in part.

The committee emphasized the need to adjust the current policy and ensure the tax is only imposed on winnings and not the staked amounts.

“To plug this revenue leakage, the measure proposes to remove the 15 per cent withholding tax on payments for winnings of gaming and instead increase the gaming tax to a rate of 30 per cent across the gaming sector,” Pacutho said.

Tags: Parliament of UgandaSoft PowerSoftPower NewsTop News UgandaUganda

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

Recent Stories

Turkish Influencers Capture Close-Up Moments with Rhinos at Ziwa Sanctuary

Uganda–Kenya Trade and Investment Mission Launched in Kampala

ICT Ministry, MultiChoice Launch Media Training for Government Spokespersons

Museveni Urges Wakiso Residents to Prioritise Household Wealth

Museveni Meets Rugby Africa President as Uganda Prepares to Host 2025 Africa Cup

The Congolese Backbone of Kampala’s Local Fashion and Beauty Economy

Stanbic Bank Ad
SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
Stanbic Remittance Ad
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News