MPs give thumbs up to 35% gambling tax
Earlier this week, legislators had chosen not to back a 50% gambling tax proposed by Kenyan President Uhuru Kenyatta, which in turn led to a delay in the country’s Finance Bill 2017.
As a result of the lack of support for his proposed 50% rate, Kenyatta refused to sign the Finance Bill. According to him, 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.”
Despite the back and forth, Kenyatta and Mps finally came to terms and agreed a new tax rate of 35%, which applies to all sports betting, gaming, lottery and competition operators in the country.
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