Blow for betting firms as Uhuru rejects lower taxes

Sh221 million Sportpesa Mega Jackpot winner Samuel Abisai in May. FILE PHOTO | NMG

President Uhuru Kenyatta has rejected the lower tax MPs handed betting and lottery firms, saying they must pay 35 per cent of their revenues to the taxman.

Mr Kenyatta said he made the recommendation in a memorandum to the Speaker of the National Assembly after rejecting the Finance Bill.

PAYE Tax Calculator

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