Banner 3 Banner 2
East AfricaNewsUganda

Civil society groups in Uganda want the tax rate on gaming increased to 35%

Tax experts have given a number of recommendations to Parliament for examination in relation to various tax Bills for the implementation of the Sh50.9 trillion national budget for the fiscal year 2023–2024.

Seven tax bills including the Lotteries and Gaming (Amendment) Bill 2023 now before Parliament were examined by civil society groups (CSOs) under the umbrella of Tax Justice Alliance Uganda (TJAU), and several recommendations were made for parliamentary consideration.

Gaming tax

In their proposal for the Lotteries and Gaming (Amendment) Bill 2023, the CSOs suggested raising the tax rate on gaming to 35% in order to be consistent with the betting tax, which is composed of 15% WHT and 20% tax under the Lotteries and Gaming Act.

The Government wants Schedule 4 of the Bill to be changed so that the tax rate for Gaming activity will be increased from 20% to 30% while maintaining the tax rate for betting at 20%.

Gaming and Pool Betting services do not attract VAT. Therefore, a higher tax rate can support Government efforts to address this moral hazard alongside attaining increased revenues as well as promoting equity in the tax system.

Jon Kafuko, the programs manager at Youth for Tax Justice Network said.

Courtesy @NewVision

Read Also: Uganda plan to increase gaming tax by 10%

[email protected]

Subscribe to our channel on Telegram here for timely live updates on all happenings in the iGaming space in Africa. You may also join our group on Telegram here and grow your networks by interacting with all players in the iGaming sector in Africa

Jeremiah Maangi

A trusted igaming leader & author for articles bringing positive change in the African gambling industry. African gambling domains broker. Intelligent knowledge of customer acquisition and retention strategies. Available for new & existing gambling operations consulting and marketing services in Africa. Crypto enthusiast.

Leave a Reply

Your email address will not be published.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

Back to top button

You cannot copy content of this page