Uncategorized Ukur announced an increase in taxes on gambling, gaming and alcohol advertisements 1 year ago Szarlot Post Views: 482 The National Treasury and Planning CS Ukur Yatani on Thursday . While presenting the 2022/23 budget at the National Assembly, Yatani said the move seeks to control, gaming, gambling and too much consumption of alcohol. “To discourage the promotion of these products and activities, I propose to introduce an excise duty of 15 per cent on fees charged by all television stations, print media, billboards, and radio stations for advertisements of these activities,” – he said. He pointed out that advertisements for alcoholic beverages, betting and gaming contribute greatly to the promotion of the habits. “These habits are extremely addictive and can result in a variety of harmful repercussions, especially for the youth. Their advertisements contribute to their usage.” He added that the new products in the tobacco industry have made it easier for them to be accessed even by underage children. “The design of the products and their taxation regime has made them easily accessible to users including school children and youth, leading to nicotine addiction and consequently, drug use and addiction,” – he said. Yatani proposed that the government should change the taxation regime of the liquid nicotine used in the production of cigarettes. “I propose to change the taxation regime for liquid nicotine from the current shilling per unit to an excise duty of Sh70 per millilitre,” – he said. Further, he proposed the increase in the rate of excise duty by 10 per cent for a certain number of products. This is to help generate additional revenue for the government. He, however, excluded petroleum products from additional taxes citing the recent global price increase of the same. Source: the-star.co.ke About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: Kenya, National Treasury and Planning, taxation Continue Reading Previous Gambling Industry Development on the African Continent in 2022Next Three Lucky Kenyans Picked For Sh 40 Million Betsafe Super Jackpot More Stories Uncategorized The digital boom in Africa and its impact on online entertainment 4 months ago Szarlot Uncategorized Gaming trends that are transforming the industry 10 months ago Szarlot Uncategorized Three Lucky Kenyans Picked For Sh 40 Million Betsafe Super Jackpot 1 year ago Szarlot Uncategorized Gambling Industry Development on the African Continent in 2022 1 year ago Samuel Uncategorized SID Secure EFT helps boost the growing sports betting industry 2 years ago Szarlot BETTING TIPS FOOTBALL Uncategorized Monaco – Lille | 19/ 11/2021 LIGUE 1 2 years ago Fahad Luyzburg NEWS Uncategorized WORLD NEWS A Comprehensive Guide On Online Gambling in the Middle East 2 years ago Samuel Uncategorized Habanero expands in Africa with Betway 2 years ago Iwo Bulski Uncategorized All About Lottery Winnings Claims in South Africa 2 years ago Iwo Bulski BETTING KENYA Uncategorized Mozzart Bet Donates Medical Equipment Worth KSh 3 Million 2 years ago Samuel Uncategorized Nigeria leading the digital revolution in Africa 2 years ago Samuel BILLIARD Uncategorized What are the rules followed while playing Snooker? PART 2 2 years ago Fahad Luyzburg Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.