Uganda Parliament Approves New 30% Gambling Tax Rate
Uganda's Parliament has passed new gambling legislation, establishing a unified 30% tax rate on net winnings. The reform aims to simplify regulations and increase tax revenue.
The Parliament of Uganda has enacted new gambling legislation, replacing a complex tax structure with a single 30% rate applied to net winnings across all betting and gaming activities. This means taxes will be calculated based on total stakes minus payouts.
The government anticipates this change will generate an additional 24 billion Ugandan shillings annually and simplify compliance for operators. The law is set for full enforcement starting from the 2025/2026 financial year.
A mandatory centralized payment gateway, overseen by the Bank of Uganda, is a key component of the reform. All gambling operators will be required to process all financial transactions through this system. Non-compliance could result in penalties of up to 110 million Ugandan shillings.
This legislative update signals Uganda's intent to modernize and streamline oversight of the gambling sector, enhancing tax collection and establishing clearer operational guidelines.