BETTING KENYA Global gambling company Betway ordered to pay Kenyan taxes 2 years ago Samuel Post Views: 699 The Tax Appeals Tribunal has ordered the Kenyan unit of global online gambling company Betway to pay KShs158 million (US$1.5 million) to the Kenya Revenue Authority (KRA). In a statement on Wednesday, KRA commissioner for legal services and board coordination Paul Matuku said the Tribunal ruled in favor of the revenue authority in a case in which Betway Kenya objected to the payment of its various tax obligations. The betting firm sought to stop the KRA from demanding additional withholding tax on winnings derived from bets placed by punters and pay-as-you-earn (PAYE) on the income of one of its employees that the company claimed to have retained as an independent consultant. The Tribunal ordered the Betway Kenya to pay KShs9.95 million, capital costs relating to research and processing costs of KShs16.5 million and outstanding withholding tax based on gross winnings of KShs131.7 million, inclusive of penalty and interest as at the time of the assessment. “The Tribunal held that the company had computed outstanding withholding tax on net winnings contrary to Section 34 of the Finance Act, 2016 that was applicable for the duration under review. On withholding tax on professional fees, it observed that from 1st March 2016 to 12th October 2016 a period of seven months, John Felix Kittony was an independent contractor … but became an employee immediately he was appointed director, and the company was liable to withhold and remit PAYE from that time.” – Matuku said. Source: African News Agency (ANA) SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: Betway, Kenya, tax Continue Reading Previous Nigeria’s diverse iGaming landscape in 2020Next Top Sport Betting Providers in South Africa More Stories EXPERTS KENYA State seeks to hold suspect cash, properties for longer 2 days ago Samuel KENYA Court bets against former Kiron employee’s assurances 3 days ago Szarlot BETTING NIGERIA BetKing Cares: Company embarks on ‘Month of Good’ campaign 3 days ago Szarlot BETTING NIGERIA There is a glaring need for regulation in Africa’s online betting industry 4 days ago Samuel EXPERTS KENYA Regulator now orders audit on betting firms’ sponsorship deals 5 days ago Samuel BETTING KENYA Gamblers win Sh380bn through SportPesa bets 5 days ago Szarlot BETTING KENYA Low-income people finance Kenyan bookmaking companies 5 days ago Samuel BETTING NIGERIA IlotNG: Nigeria’s most convenient and reliable sport betting in Nigeria 6 days ago Samuel KENYA ONLINE Kenyans top global uptake of mobile money-based app loans 1 week ago Szarlot BETTING NIGERIA Gobet247: New Betting Platform Launches In Nigeria 1 week ago Samuel BETTING KENYA The boom in online sportsbetting in Africa 1 week ago Szarlot BETTING KENYA Registrar sued in fight for SportPesa trademark 2 weeks ago Samuel 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.