HISTORY UGANDA The unveiled truth about gambling industry in Uganda 2 years ago Iwo Bulski Post Views: 970 Modernized responsible betting in Uganda started in 2007 by Swedish who were operating the business under the registered names of Sports Betting Africa (SBA). The company directly created jobs for more than 5,000 nationals (skilled, semi-skilled and un-skilled) across the country which included majorly the youths who were working as Supervisors, Accountants, System Administrators, Technicians, Sales Agents, Cashiers, Cleaners, and many more. Other categories of individuals and stakeholders who benefited in the business included the government through taxes in form of granting licenses, withholding tax, individual income tax charged on the salaries of permanent employees in form of Pay As You Earn (PAYE) and business income tax charged on the profits made hence widening the tax base which eventually led to a reduction in the tax burden by the nationals and local enterprises Local government authorities and agencies charge Local taxes to businesses in their respective localities, Building owners (Landlords) in terms of receiving reliable rental income. Since then, the industry has been growing which has caused a multiplier effect in the taxes generated, employments created, and even creating other opportunities such as the promotion of local sports activities due to increased formation of various new companies conducting closely the same kind of business. This perhaps led the government to establish a Semi-Autonomous agency/body (National Gaming Board, Uganda) that reports directly to the Ministry of Finance and Economic Development to monitor, regulate, control, and supervise all betting companies on the land to reduce on the diverse effects of gambling towards economic growth and Development. However most of the policymakers especially members of Parliament have a wrong perception towards the industry and support the removal of such kind of business because they lack enough knowledge towards the positive impact of the gambling Industry. In a developing country where informal sector dominates by more than 70% of the economy, it is very hard to ascertain on how much individuals earn and the better way to impose taxes from such individuals is to shift taxes on what they spend on so when the industry is no more, it will cause increased illegal gambling activities, loss of both jobs and taxes hence economic setback. Therefore stakeholders including investors, government, political and community leaders, academicians, punters and the clergy should come on board and discuss intensively on how to improve the industry without prioritizing interests of a given party but considering every one’s. There is much more the gaming industry can contribute to the economic development of Uganda and Africa at large. Article by Tayebwa Didas About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: betting, PAYE, Uganda Continue Reading Previous Gambling history – how it all started in EthiopiaNext Fortebet Real Stars Name February Outstanding Performers More Stories EXPERTS UGANDA NETBALL: The search for $ 36 billion starts with fundraising 3 weeks ago Samuel HOT NEWS UGANDA How Uganda’s Road to Cash-less Economy Aid Online Betting and Gambling 2 months ago Adeleye Awakan BETTING UGANDA Pragmatic Play develops African profile 2 months ago Samuel EXPERTS UGANDA SCCG and Uganda’s Genius Gaming Consult sign Africa 2 months ago Iwo Bulski BETTING UGANDA Uganda Lawmakers Push for Daytime Sports Betting Ban 4 months ago Iwo Bulski EXPERTS UGANDA Top Five Gambling Markets in Sub-Saharan Africa 4 months ago Samuel ONLINE UGANDA Fantasy sports in Africa: Can $3m funding make it popular? 4 months ago Szarlot BETTING UGANDA Global Bookmaker 1xBet Pledges €1m to Ukrainian Humanitarian Relief 5 months ago Iwo Bulski EXPERTS UGANDA Bank of Uganda Commences CBDC Study 5 months ago Adeleye Awakan HOT NEWS ONLINE UGANDA Will Uganda’s Internet Penetration Ever Come Close to Kenya’s? 5 months ago Samuel ONLINE UGANDA Is Uganda the Next Big Market for Online Entertainment in Africa? 6 months ago Szarlot ONLINE UGANDA MTN Uganda introduces overdraft facility 7 months ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.