KRA suffers Sh1.9bn revenue loss on new gaming concessions

Kenya Revenue Authority head office at Times Towers in Nairobi. FILE PHOTO | NMG

Collections from betting and gaming tax fell by Sh1.873 billion in the financial year ended June, 2019, after the Treasury caved in to pressure to lower the rate to 15 percent from 35 percent of gross earnings.

The Treasury had last year agreed to lower the rate charged on revenue generated from betting, gaming, lotteries and prize competitions by slapping a new 20 percent tax on winnings.

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