Pain for gamblers as government proposes hike of betting tax to 20%
Gamblers have yet again been hit after the government’s latest move to hike taxes on betting, gaming and lotteries. Treasury Cabinet Secretary Njuguna Ndung’u on Thursday, June 13, 2024, proposed to increase the betting and gambling excise duty tax rate to 20 per cent. Speaking before the National Assembly during the reading of the 2024/205 […]
Why if you bet with Ksh1K, and the odds are 1.2, you won’t win Ksh1, 200 but Ksh960
![Last week, KRA told a Senate committee that the suspended 27 betting firms in Kenya owe the State at least Ksh61 billion in withholding tax. [PHOTO | FILE]](https://k24.digital/wp-content/uploads/2019/08/GAMBLER.jpg)
Last week, KRA told a Senate Committee that the suspended 27 betting firms in Kenya owe the State at least Ksh61 billion in withholding tax.