Kenya Plans Reintroduction of Betting Tax
The government of Kenya has concluded plans to reintroduce taxation of betting companies within six months following a public outburst over cancellation of the 20 percent duty in the Finance Bill 2020.
Ukur Yatani, Treasury Cabinet Secretary heaped blame on the Parliament, referencing lobbying of government for the removal of the taxes.
Mr. Yarani said, “The players in the industry have been petitioning the government to reduce taxation in the industry,”
“The removal of this tax happened during the committee stage of the bill…The National Treasury will be proposing to the National Assembly the re-introduction of the excise duty on betting within the next six months.”
Kenya ceased taxing betting firms after a proposal on May15 by an unclear stakeholder group, identified only by ...