More Changes to come on Online Sports Betting Taxes in Kenya
Online betting in Kenya and other developing countries can be a huge source of revenue. Experts across the industry caution, however, about balancing lucrative benefits from law-abiding taxpayers with measures that are too punitive and rebellion and underground wagering outfits.
The First Proposed Uniform Increase
In June 2017 President Uhuru Kenyatta signed the Tax Law (Amendment) Bill 2018, authorizing an increased tariff rise on all profits from legal gambling operators in the country - such as online betting and other landbased betting shops. Starting from 1 January, for every activity Vans Classic Slip on Baratas Zapatillas Blancas , they would be required to pay 35% to the government. This was a huge climb from the 7.5% that it was sitting at before and an increase like that will naturally have a huge impact on the gambling companies in the country of Kenya.
Betway, Betin and other bookmakers responsible for online betting in Kenya were so taken aback by the rises and concerned about maintaining their going concerns that there were rumors of closure for many of them. As well as simply suspending operations in Kenya, companies such as SportsPesa cut off all sponsorship deals and planned to take the matter to court. Online betting in Kenya has grown a lot in Kenya during the last years and many brands are becoming household names - and the best betting sites in Kenya will keep fighting.
Response of the National Assembly Majority
After considerable distress and complaining from the entire community controlling legal online betting in Kenya, the Finance and National Planning Committee suggested that this tax is slashed to 15%, and that a 20% levy be imposed on the wins of all wagering activities. This 20% was initially introduced in 2016 Zapatillas Vans SK8 Hi Slim Console Doradas España , and then suspended due to problems with its implementation.
Aden Duale, National Assembly Majority Leader, proposed both tariff changes to the Kenyan Parliament but was snagged when the Committee for Labour and Social Welfare withdrew gambling language from the 2018 Tax Laws (Amendment) Bill. Since part of the aim with these parts was
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03.09.2019 05:03
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