KRA starts integrating other 87 betting firms

Satbetting

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

The taxman has started integrating the remaining 87 betting firms on its platforms as it seeks to have a real-time view of the industry in the race to seal revenue leakages.

The Kenya Revenue Authority (KRA) says the integration will ensure that betting firms compute taxes after midnight every day and remit the same by 7am the following day.

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