Tag Archives: Lotto Foundation

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 »