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Govt to Impose 15% Tax on Each Sports Betting Win

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A plan by the Ugandan government amend Section 118C  of the Income Tax Act cap 340 to impose a 15 per cent tax on sports betting is in the offing.

The Bill was gazzetted March 30 and will be debated in Parliament with a view of having the tax take effect on July 01, the start of the FY2017-18.

The bill proposes that “aperson who makes payments for winnings of sports betting or pool betting shall withhold tax on the gross amount of the payment, at the rate prescribed in Part X of the Third Schedule to this Act.”

According to the Third Schedule, “the withholding tax rate applicable to winnings from sports betting and pool betting is 15 per cent.”

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