Kenya gov't proposes 35% tax on betting
Kenyatta said he has rejected Finance Bill 2017 because Parliament deleted the clause that was designed to discourage the youth from engaging in betting.
The purpose of Amendment of Section 59 B of Cap 469 was to "discourage Kenyans, and especially the youth, in directing their focus on betting, lottery and gaming activities instead of productive economic engagement, a vice that is likely to degenerate into a social disaster.”
The proposal, which read, “29. Section 59B of the Betting, Lotteries and Gaming Act is amended in subsection (1) by deleting the word “fifteen” and substituting therefor the word “fifty” was however dropped when Parliament passed the Bill.
“This totally negates the spirit underlying the proposal to have the betting tax rasied as pointed above,” said the President.
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