Latest news with #UGX
Yahoo
2 days ago
- Business
- Yahoo
Officials uphold government decision to levy millions in taxes on Coca-Cola agent — here's what you should know
Officials uphold government decision to levy millions in taxes on Coca-Cola agent — here's what you should know Uganda's Tax Appeals Tribunal has ruled, as of late July, that Coca-Cola's marketing agency in the country, Allied Beverages Limited, must pay the 9.7 billion UGX ($2.7 million U.S.) in value added tax that it seemingly attempted to avoid by classifying its marketing services as exports. What's happening? According to regional outlet ChimpReports, the Uganda Revenue Authority assessed the marketing agency for unpaid taxes related to its activities billed to the Coca-Cola Export Corporation — or TCCEC. The URA claimed that since the services were consumed in Uganda, the company should be subject to the standard VAT rate of 18 percent. While the TCCEC is based in the United States, the Tribunal determined that Allied's promotional activities — such as radio, TV, and billboard ads — benefited Century Bottling Company, a Coca-Cola bottler in Uganda. "Use and consumption of services is a question of fact … All evidence, when looked at in totality, must point to the place of use or purpose of those services being outside Uganda. That was not the case here," the Tribunal stated, per ChimpReports. Allied argued that its services were exports and should qualify as zero-rated for VAT since the contracting party is based in the U.S. Ultimately, the Tribunal sided with the government's revenue collection agency, and, in addition to upholding the tax assessment, ordered Allied to pay 80 percent of the legal fees, according to Food Business Middle East & Africa. Why does this matter? If Allied were successful in avoiding tax payments in Uganda, it would ultimately impact the country's economy, which still faces challenges such as poverty and inequality. And though Allied must pay the value added tax, making things right in the eyes of the government, the situation overall may not reflect well on Coca-Cola's image, which has been under scrutiny for various reasons — including its status as one of the world's worst plastic polluters. The American multinational corporation has taken steps to reduce its plastic use. For instance, a Philadelphia-based bottler switched from plastic rings to paper packaging for Coca-Cola products in 2022. The company has also mounted numerous recycling efforts to reduce plastic litter. Meanwhile, it has been linked to cruel practices by one of its sugar suppliers, which was recently ordered to pay a settlement to hundreds of Cambodian families who were displaced when land was cleared to build a plantation years ago. Should companies be required to help recycle their own products? Definitely No way It depends on the product They should get tax breaks instead Click your choice to see results and speak your mind. Consumers who patronize the brand could see their dollars as helping to perpetuate such practices, with potential humanitarian and environmental impacts. What can consumers do to hold companies accountable? Consumers can hold a lot of power, essentially voting with their buying dollars to support the brands and business practices they believe in. Coca-Cola has made some strides of note in the last several years to become more sustainable and invest in communities around the globe — for instance, by planting trees in Cambodia. But it's always a good idea to watch out for greenwashing from any company, whether it's a major, globally recognized brand or a smaller seller. Doing research on a company's overall environmental track record and looking for credible third-party certifications can help consumers make more informed decisions and ensure they're giving their hard-earned money to companies that deserve it. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the the daily Crossword
Copts Today
31-05-2025
- Business
- Copts Today
Best Betting Bonuses for New Players in Uganda
Betting sites in Uganda give new players amazing welcome bonuses that can multiply their first deposit by 100% to 300%. The Ugandan betting market has 16 licensed operators, and weve found the best bonus deals for you. Gal Sport Betting leads the pack with a huge 300% bonus that goes up to 500,000 UGX. The competition is strong too. 22Bet matches your deposit 100% up to 500,000 UGX, and 1xBet gives new players up to 400,000 UGX. You dont need deep pockets to start - most sites let you claim these bonuses with just 1,000 UGX as your first deposit. In this piece, well get into Ugandas best betting sites with including ones that give free welcome bonuses without needing a deposit. Well also break down the wagering requirements that usually run from 3x to 10x the bonus amount. This will help you make smart betting choices. Top 5 Betting Bonuses for New Players in Uganda Want to find the best betting bonuses in Uganda? Bookmakers are creating better welcome bonuses as competition heats up. Heres my breakdown of the five best welcome bonus offers for Ugandan players. Ive ranked them based on bonus size, wagering rules, and how easy they are to use. 1. 22Bet 100% up to 550,000 UGX 22Bets welcome offer is straightforward but packs a punch for Ugandan players. Youll get a 100% matched deposit bonus up to 550,000 UGX when you sign up. The best part? You only need 1,000 UGX to get started - perfect if youre working with a smaller budget. The rules are simple compared to other sites. Youll need to bet the bonus amount 5 times on accumulator bets. Each bet needs at least three picks with odds of 1.40 or higher. You get 7 days to meet these requirements - plenty of time for regular bettors. 2. 1xBet 200% up to 542,200 UGX 1xBets percentage-based bonus is one of Ugandas most generous. New players can get up to 200% on their first deposit. The bonus percentage changes based on how much you deposit: 200% for deposits up to 180,000 UGX 250% for deposits between 180,001 and 360,000 UGX 300% for deposits above 360,001 UGX The minimum deposit is 4,000 UGX - a bit higher than others but still reasonable. You get 30 days from signup to meet the wagering requirements. 1xBet lets you use some of your funds before meeting all bonus requirements, which gives you more flexibility than most other sites. 3. Betway 50% up to 200,000 UGX Betways bonus might be smaller, but its reliable platform and user-friendly setup make it worth a look. New players get a 50% match on their first deposit up to 200,000 UGX. The code "VIPPROMO" during signup helps you get the most from this bonus. The playthrough rules are different here - you need to place bets equal to 3x your first deposit with minimum odds of 3.0. These higher odds are challenging but could lead to bigger wins. Betways bonus shines with its validity period. Your free bets last for 180 days - way longer than what other sites offer. 4. Gal Sport Betting 300% up to 500,000 UGX GSB tops our list with a 300% match rate (using code GSBAPP) - great news if you want to maximize your starting bankroll. Without the code, you still get a solid 100% up to 500,000 UGX. The wagering rules need you to roll over your deposit amount twice. Each bet must include five different games with odds of at least 1.5 per pick. This makes things trickier but could boost your potential returns. Remember - you only have 7 days after your first deposit to meet the wagering requirements. This bonus works better for active bettors rather than casual players. 5. Paripesa 100% up to 520,000 UGX Paripesa rounds out our top five with a solid 100% welcome bonus. Sources vary on the maximum amount (between 400,000-520,000 UGX), but youll always get a 100% match on your first deposit. The wagering rules match 22Bets - bet the bonus amount 5 times on accumulators. Each accumulator needs at least 3 events with minimum odds of 1.40. This makes Paripesa another good choice for new players. Paripesa stands out with extra perks beyond the welcome bonus. Ugandan users get 3% weekly sports cashback and access to a Promo Code Store that works like a loyalty program. This adds long-term value to your betting experience. The best bonus for you depends on more than just the percentage. Think about the wagering rules, time limits, and your betting style. Each of these five options has its strengths based on your budget and how you like to bet. Types of Welcome Bonuses You Can Claim You need to know about different welcome bonuses to get the most out of your first betting experience in Uganda. Each bonus type has its own perks based on how you like to bet and what your budget looks like. Here are the five main types you can get as a new player. Matched deposit bonuses Matched deposit bonuses are what youll see most often on betting sites. Bookmakers will match what you put in with bonus money - anywhere from 50% to 300% of your first deposit. To name just one example, a sportsbook might offer to match 100% up to 550,000 UGX. Put in 550,000 UGX and youll get another 550,000 UGX in bonus funds. These bonuses are popular because theyre easy to understand and give you great value. Many Ugandan bookmakers like 22Bet, 1xBet, and Paripesa will double your starting bankroll with 100% matches. Youll need to meet wagering requirements before you can withdraw any winnings. This means betting your bonus amount several times on specific bets at minimum odds. No deposit bonuses No deposit bonuses are hard to find but highly valued in Ugandas betting market. These player-friendly offers let you claim a bonus without spending any money - its completely risk-free. Hollywoodbets gives you a R25 bonus just for verifying your account, while 1xBet hands out a 500 KSH bonus after you sign up. The amounts are smaller than other bonuses, but they let you test the platform without risking your own cash. You might win real money without spending anything. Remember that youll probably need to make a deposit before you can withdraw any winnings from these bonuses. Risk-free bets Risk-free bets (also called "no sweat bets" or "first bet offers") protect your first wager. The bookmaker will refund your stake as bonus funds or free bets if you lose. You might get all or part of your stake back, depending on the offer. A 370,000 UGX risk-free bet works like this: bet at odds of +200 and win, youll get 740,000 UGX profit plus your stake back. Lose, and youll get 370,000 UGX in site credit or free bets. These offers still carry some risk since you must bet again with your refund to get back your original stake. Most refunds must be used within 7-30 days. Free bet tokens Free bet tokens let you place bets using the houses money. New players often get these as welcome gifts or standalone offers. Winning bets usually pay only the profits, not the original stake. Most free bet offers follow a "Bet X, Get Y" pattern. You might see something like "Bet 37,000 UGX, get 4x37,000 UGX bonus bets". Place a 37,000 UGX qualifying bet and youll receive 148,000 UGX in free bets - win or lose. These tokens usually expire in 7 to 30 days and might be limited to certain markets or minimum odds. Cashback offers Cashback offers protect you against losses by giving back some of your money as bonus funds or free bets. They come in different forms: Tiered cashback: Better refund rates for betting more money Percentage-based cashback: Fixed percentage of net losses returned as bonus Daily/weekly/monthly cashback: Regular refunds based on time periods Lets say a sportsbook offers 10% cashback and you lose 370,000 UGX - youll get 37,000 UGX back as a bonus. Some places like Gal Sport Betting have special deals for accumulators, giving back up to 50 times your stake if just one pick loses. These offers usually need specific odds and markets to qualify. Knowing these bonus types helps you pick the best offers that match how you like to bet and get the most value from Ugandan betting sites. You can also visit where youll find the best betting sites with high odds and bonuses. What to Watch Out for Before Claiming a Bonus Smart Ugandan bettors should know what makes betting bonuses truly valuable before jumping at those tempting welcome offers. Wagering requirements Wagering requirements tell you how many times you need to bet your bonus before withdrawing any winnings. This stops players from grabbing bonuses and cashing out right away without placing real bets. Most betting sites in Uganda set these requirements between 5x to 10x the bonus amount. To name just one example, see how a 5x requirement on a 370,108 UGX bonus means youd need to bet 1,850,543 UGX in total. 22Bet asks players to wager their bonus 5x on accumulator bets. 1xBet takes it further with a 9x wagering requirement. Minimum deposit limits Welcome bonuses need specific minimum deposits to qualify. 22Bet Uganda keeps it available with a 10,000 UGX minimum qualifying deposit. Libertex is a big deal as it means that youll need 370,108.62 UGX to get their welcome bonus. You should check these limits before signing up. Your bonus wont come through if you deposit less than required. Eligible payment methods The terms and conditions often hide which payment methods qualify for welcome bonuses. Many betting sites dont allow e-wallets like Skrill and Neteller for bonus eligibility. Some bookmakers make it clear: "We reserve the right to void any bet or other transaction which may be inadvertently processed if your Account does not have sufficient funds". Make sure your payment method works with the welcome bonus before putting money in. Time limits and expiry Welcome bonuses dont last forever. Bonus funds usually expire in 7-30 days after hitting your account. The rules state it clearly: "The bonus must be used within 7 days from the time that it is credited to your account unless otherwise stated". 22Bet gives you 14 days from your original deposit to meet all wagering requirements. Odds restrictions Bookmakers set minimum odds for bets that count toward wagering requirements. These usually fall between 1.40 and 2.00. 22Bet needs each accumulator bet selection to have odds of at least 1.40. Other sites might want higher odds like 1.80 or more. Some bet types dont help meet wagering requirements at all - cash-out bets, void bets, or bets with equal probability outcomes. Tips to Maximize Your Bonus Value Making money from bonus offers needs smart planning and close attention. Many Ugandan bettors miss out on good value because they dont handle their welcome bonuses well. Let me show you how to get the most from betting promotions. Read the fine print You should get into the terms and conditions before taking any sports betting bonus. Sportsbooks often hide tough rules in the fine print that affect your chances of turning bonuses into real money. Look carefully at wagering requirements, allowed markets, odds limits, and when they expire. Some bonuses look great at first but have such strict rules that you cant clear them before they expire. Start with small bets Make smaller bets when you use bonus funds. This helps you learn the platforms accessible interface and manage your money better while meeting wagering requirements. Your original bets should target reasonable odds to avoid losing bonus funds before you can cash them out. Use bonus codes wisely You can only get many exclusive bonuses through special promo codes. Players enter these codes during sign-up or their first deposit. Bonus experts say: "Copying and using promo codes available on our homepage is free, however all bonuses carry terms and conditions". Make sure you know where to put the code - it could be when you start signing up, at the end, or during your first deposit. Track your bonus progress Check how youre doing with your bonus often in your account dashboard. Most betting sites show your progress under "My Account" "My Casino Account" "Bonuses". Youll see how much youve completed and when it expires. Without checking regularly, you might forget important deadlines or lose track of your wagering. Avoid common mistakes Players often make mistakes like taking out money before meeting requirements (which kills your bonus), placing bets with odds too low for rollovers, and missing deadlines. Many bettors also take bonuses they wont really use. This limits what they can do with their account and gives them no real benefits. Conclusion Getting the most from Ugandas betting world needs careful thought, especially since welcome bonuses can affect your betting experience by a lot. Weve looked at offers that range from 50% to 300% of original deposits. The maximum values go up to 550,000 UGX at places like 22Bet. Without doubt, these promotions give new players amazing chances to boost their bankrolls. The real value doesnt just come from the big numbers you see upfront. It comes from the whole package. Wagering requirements usually sit between 5x-10x the bonus amount. Time limits run from 7-30 days based on which platform you pick. The bonus you choose should match your betting style. Regular bettors get great value from matched deposit bonuses. No-deposit bonuses let you try platforms risk-free before putting money down. Risk-free bets, free bet tokens, and cashback offers serve different purposes that fit your risk comfort level and priorities. You must check if you qualify before grabbing any promotion. Many bookmakers wont give bonuses for e-wallets like Skrill and Neteller. This detail often hides in the terms and conditions. Welcome bonuses might look generous right away. Their actual worth depends on how well you use them. Small, smart bets on markets you know will give you better chances to turn bonus funds into real money. Responsible gambling should guide how you use these bonuses. The best way forward treats bonus funds as chances to learn, not guaranteed profit makers. These promotions can make betting more fun, but they work best as part of a disciplined betting plan. Look at multiple offers and focus on the full picture - bonus size, wagering requirements, time limits, and how reliable the platform is. This detailed look helps you pick promotions that truly fit your betting experience in Ugandas growing market.
