Court saves SportPesa from assets seizures in KRA fight

Sportpesa CEO Ronald Karauri. FILE PHOTO | NMG

SportPesa, its owners and executives have been spared asset seizures, bank accounts freeze and travel bans after a tribunal ruled that betting firms are partially exempted from the Kenya Revenue Authority (KRA) enforcement actions.

The Tax Appeals Tribunal (TAT) has ruled that the taxman cannot apply the enforcement actions on betting firms like SportPesa while pursuing withholding taxes.

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