Kenya lowers tax applying to bettors’ winnings to 7.5%

9 Jul 2021

kenyan-flagPresident Uhuru Kenyatta boosted the Kenyan betting market by lowering the tax which applies to players’ winnings to 7.5%. Securing its presidential approval, the Kenyan Revenue Authority (KRA) has agreed to lower Kenya’s 20% tax imposed on winnings deriving from licensed bookmakers.

This tax charge was approved as a measure of Kenya’s 2020 Finance Bill, but it was suspended due to an injunction by the Nairobi High Court which demanded a justification by the KRA, for doubling the tax rate which was originally settled at 10%.

Treasury Secretary Ukur Yattani undertook a review of business tax rates and his Finance Committee recommended the KRA to impose a blanket 7.5% betting tax on all gambling verticals, including lotteries. A measure that required President Kenyatta’s ascent in order to be approved.

It is no secret that Kenyatta was an opponent of the gambling sector at such a point, that in 2019 his administration ordered national telecoms and banks to terminate all business services for licensed bookmakers.

Despite the uncertainty of the gambling legislation, Kenya’s sports betting market has welcomed new betting companies over the past years.

At the start of 2021, Betsson AB began operating in the country, in partnership with the BCLB licensed company Bet High. Betsson made it clear that it is committed to sustainable growth within Kenya by launching and promoting the market’s first safer gambling program for players.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS