KENYA Kenya – SportPesa, Betin win tax row on bet prizes 3 years ago Iwo Bulski Post Views: 1,215 The Kenya Revenue Authority (KRA) on Thursday suffered a blow after a tribunal ruled that a punter’s stake in a bet cannot be charged the 20 percent tax on winnings. The Tax Appeals Tribunal sitting in Nairobi ruled that the 20 percent tax should be charged on the positive difference between the payout made and stakes placed in a given month. KRA has been demanding billions of shillings from betting firms based on the gross amount of the payout to the punters, including the staked amount. The tribunal also placed a greater responsibility for payment of the tax on the punters, partially shielding the betting firms from prosecution and aggressive pursuit of the 20 percent withholding tax. The tribunal’s verdict now looks set to tilt the ongoing tax dispute between KRA and more than 20 betting firm including SportPesa and Betin Kenya—which have been denied operating licences for the year starting July. KRA has been demanding Sh61 billion from the betting firms for the period between May 2014 and March 2019. SportPesa on September 27 announced it was halting operations due to a drastic hike in taxes on betting stakes and the unresolved disputes with KRA. Betin Kenya also ceased its operations, citing the heavy taxation as the main reason. Source: businessdailyafrica.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: court, Kenya Revenue Authority, SportPesa Continue Reading Previous Kenya puts betting operator Betika in its back-tax crosshairsNext Can Google Tempt SportPesa back to Kenya? More Stories EXPERTS KENYA BetEngines launches the first Sportsbook software solution tailor-made for the African market. 2 days ago Adeleye Awakan EXPERTS KENYA Ronald Karauri’s Inspiring Journey from Pilot to SportPesa Billionaire 2 days ago Szarlot KENYA ONLINE The Rise of Crypto Casinos in Kenya 2 days ago Samuel EXPERTS KENYA Betting firms rush to comply with new tax regulations 3 days ago Samuel KENYA ONLINE NCC, NLRC collaborate to fight illicit gamers 4 days ago Samuel BETTING KENYA Bangbet Review: Everything You Need to Know 4 days ago Szarlot BETTING KENYA Which way for betting tax as bill up for debate? 4 days ago Szarlot BETTING KENYA Protected: Kenya: How Betway and SportyBet evaded billions in taxes 5 days ago Szarlot BETTING KENYA Altenar details global expansion plans 5 days ago Samuel KENYA LOTTERIES State set to start national lottery to fund sports, arts 1 week ago Samuel EXPERTS HOT NEWS KENYA KRA hooks second batch of betting firms on its system 2 weeks ago Szarlot BETTING KENYA Utilize Online Gambling Platforms to Avoid Taxes 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.