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Betting firms inflating sponsorships to avoid taxes
Kenya Revenue Authority (KRA) domestic taxes chief manager Miriam Sila addressing journalists in Nairobi on taxation in the betting sector on March 28, 2023. PHOTO | FRANCIS NDERITU | NMG
Betting firms have been flagged for inflating costs of sponsorships and community projects to reduce their tax burden, denying the country millions in corporate taxes.
The Kenya Revenue Authority (KRA) says most betting companies claim to support local football clubs and other charities as part of their corporate social responsibility (CSR) to legally shield themselves from paying their dues, as such funds are not taxed.