KENYA Kenya – SportPesa, Betin win tax row on bet prizes 4 years ago Iwo Bulski Post Views: 1,306 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 BETTING KENYA SportPesa Kenya mobile betting app: Get a new experience 2 hours ago Szarlot EXPERTS KENYA KRA Online Auction Opens Bidding Process To All Taxpayers 2 hours ago Samuel BETTING KENYA Betwinner Expands Sport Betting Options to Over 45 Sports 2 days ago Samuel HISTORY KENYA Sports in Africa: A Tapestry of Culture, History, Identity 2 days ago Samuel BETTING KENYA Nairobi Businessman Wins KSh 2m SportPesa Jackpot 5 days ago Samuel BETTING KENYA Ten new betting firms enter market within two months 7 days ago Samuel BETTING KENYA Team Capital FM in Action At the Casino Cup 6 1 week ago Szarlot KENYA ONLINE What kind of betting predictions are available to bettors in Kenya? 1 week ago Szarlot EXPERTS KENYA Tools Kenyan players can use instead of GamStop for responsible gambling 1 week ago Szarlot BETTING KENYA Beez FC Wins 13th Edition Of KOT 5 Aside Tournament 1 week ago Samuel EXPERTS KENYA Digital wallets as an enabler for financial services in Africa 2 weeks ago Szarlot BETTING KENYA Betting firms tax remittance hit Ksh 15B in FY2022/23 2 weeks ago Szarlot 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.