Betting taxes rise 23pc to Sh5.9bn on tight system

Times Tower in Nairobi, the Kenya Revenue Authority headquarters. FILE PHOTO | DENNIS ONSONGO | NMG

Taxes from the 16 betting firms linked to the Kenya Revenue Authority system increased by 23 percent in the five months through March 2023 to Sh5.9 billion, a major boost in the fight against tax evasion in gambling.

Before the integration, KRA says it collected Sh4.8 billion in a similar period in the previous year. The betting revenues represent the collection of excise taxes (7.5 percent of wagered amounts) and withholding taxes (20 percent on winnings).

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