Opponents claim it will affect the industry
Kenyan lawmakers reject gambling tax increase
The Assembly’s Finance Committee established that the measure that would’ve dramatically increased betting taxes from 7.5% of revenue to 50% won't be allowed.
2017-05-29
Reading time 34 seg
The Assembly’s Finance Committee established that the measure that would’ve dramatically increased betting taxes from 7.5% of revenue to 50% won't be allowed.
MPs voted in favor to keep the 7.5 percent rate for betting operators, whilst the 50 percent will still be applied to gaming, lottery and other revenues.
The measure was initially dedicated to generate more revenue.
“The expansion of the industry has had negative social effects on society, especially on the youths and vulnerable members of the society,” said Treasury CS Henry Rotich when announcing the raise in March. According to The Star of Kenya, gaming taxes were set at 15 percent, whilst lottery was under a 12 percent and betting 7.5 percent. All of them were raised to 50 percent, and the money obtained will go directly to a sports fund to support the development of the market, culture and arts.
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