Tag Archives: Henry Rotich

Kenyan gamblers could face 10% tax under new laws

Kenyan gamblers are set to be hit with a ten per cent excise duty on bets placed after recent proposals issued by National Treasury Cabinet Secretary Henry Rotich seek to implement measures to curb problem gambling in the country. The proposals were detailed as part of the 2019/20 Financial Year Budget in Parliament on Thursday, in which Rotich explained: “Mr …

Read More »

How Kenya’s gambling tax hike could affect its economy

Kenya gambling - http://www.theeastafrican.co.ke/image/view/-/3807932/medRes/1559765/-/maxw/600/-/cnv7rjz/-/gamble.jpg?format=sitemap

In June 2017, Kenya’s president Uhuru Kenyatta signed into law a 35% tax on all gambling revenue from the country’s lotteries, betting operators, online sportsbooks, and similar. This rate is now one of the highest in the world, and is in addition to a 30% corporate tax operators must also pay. The new rate is a major increase from the …

Read More »

Kenya TNA hierarchy open to industry tax review

Kenya’s National Alliance (TNA) government may move to review its 50% tax hike on all licensed gambling activities, following backlash from industry and sporting stakeholders. Kenyan news sources report that President Uhuru Kenyatta is aware of industry concerns and the potential liability of over taxing an effective industry. Kenyatta and his advisors are reported to be open to an industry review, …

Read More »

SportPesa investor issues multiple lawsuits against Kenya Treasury’s ‘improper’ tax hike

SportPesa investor Bradley Trading has moved to challenge the Kenyan government regarding its increased gambling/betting industry tax hike to 50%. Presenting its 2017/18 Kenyan National Budget last March, Treasury Secretary Henry Rotich shocked industry stakeholders by announcing a blanket 50% tax on all licensed betting and gambling services. The majority of industry stakeholders expected the Treasury to announce an increase …

Read More »

Crippled… Kenya Treasury hits bookmakers with blanket 50% tax charge

Kenyan betting and lottery operators are by far the ‘biggest losers’ of the 2017/18 Kenya National Budget presented by Treasury Secretary Henry Rotich. The worst nightmares of Kenyan betting industry stakeholders came to life, as Rotich and the National Alliance (TNA) government announced a ‘uniformed 50%’ industry revenue tax on all verticals, more than tripling current gambling tax charges of …

Read More »