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Betting firms set to remit taxes via M-Pesa under new system

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Kenyans staked a record Sh88.5 billion through online bets in the full year to June 2023. FILE PHOTO | POOL

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By  Kepha Muiruri

Business Reporter

Nation Media Group

An estimated 137 online bookmakers are set to remit betting taxes on a real-time basis to the Kenya Revenue Authority (KRA) via Safaricom’s mobile-money platform M-Pesa.

The betting firms will be required to fully onboard their systems with those of the KRA by May 12 when real-time remittance of the betting taxes fully takes effect.

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Note: The results are not exact but very close to the actual.

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