Higher Taxes For Gaming Firms In Kenya


Gaming firms and organizations will begin paying higher duties sooner than initially arranged after MPs affirmed the expansions and changed the law on wagering, lotteries and gaming.

The organizations will now need to pay 7.5 for each penny of their income to the taxman by the twentieth of every month in the wake of paying out rewards, while lotteries will pay five for each penny of their turnover by the same due date.

Gaming companies will likewise turn in 12 for each penny of their income after paying out rewards.
For rivalries in which one needs to pay to participate, the prize rivalry charge has been set at 15 for each penny of the aggregate gross turnover.

The progressions were made by means of the Fund Charge, which was passed by a modest bunch of MPs on Tuesday evening and were proposed by the Account Advisory group for the benefit of the Treasury. Fund Board of trustees Chairman Benjamin Lang’at said he expected the Fund Bill to be ordered before the week’s over, making ready for a new expense administration for the organizations from one week from now.


Majority leader Aden Duale said the progressions were supported by the Treasury, which had likewise requested that he pull back the Wagering, Gaming furthermore, Lotteries Charge, which experienced the Second Perusing a week ago.

“Members should know that the Bill has been withdrawn and for tidiness, those amendments will be in the Finance Bill,” said Mr Duale.
Deputy Minority Leader Jakoyo Midiwo said: “I like the fact that the government is making an attempt to tax this industry. I support the withdrawal so we don’t have to wait for that Bill to be passed.”

Facebook Comments

Like this post? Tweet it!

"Higher Taxes For Gaming Firms In Kenya" by @wakenyanews

Tweet Close