KENYA Kenya – SportPesa, Betin win tax row on bet prizes 3 years ago Iwo Bulski Post Views: 1,148 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 KENYA ONLINE African Countries With Gaming Industry 3 days ago Szarlot BETTING KENYA Taxman clears 105 betting companies to get permits 5 days ago Szarlot BETTING KENYA Gambling operators ignore orders to close during the election 1 week ago Iwo Bulski BETTING KENYA Kenyans spend over KSh 300b on bets, cigarettes and liquor yearly 1 week ago Szarlot EXPERTS KENYA Poor tax policy erodes Kenya’s investor attractiveness – survey 1 week ago Szarlot BETTING KENYA Kenyan government orders all operators to close for election day 1 week ago Iwo Bulski BETTING KENYA The government should work with the betting industry 3 weeks ago Iwo Bulski KENYA ONLINE The influencers paid to push hashtags 3 weeks ago Iwo Bulski BETTING KENYA Eighteen new firms enter booming betting arena 3 weeks ago Iwo Bulski EXPERTS KENYA Kenya launches AML probe focusing on betting operations 3 weeks ago Iwo Bulski EXPERTS KENYA Digital scams have hit Kenya’s gambling and travel industry 3 weeks ago Samuel BETTING KENYA Tanzania joins Kenya, Uganda tax squeeze on gamblers’ winnings 3 weeks ago Iwo Bulski 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.