Gamblers to pay KRA 20pc of stakes before betting

National Treasury Cabinet Secretary Ukur Yatani addressing the media at parliament buildings after unveiling the Sh3.3 trillion Budget on April 7, 2022. PHOTO | JEFF ANGOTE | NMG

Gamblers will pay a fifth or 20 percent of the cash they have set aside in their wallets for betting in a proposed tax aimed at curbing the practice that has become a near national pastime.

Treasury Cabinet Secretary Ukur Yatani has proposed to heavily tax punters by raising the excise duty on cash wagered on betting, gaming, prize competition and buying a lottery ticket from the current 7.5 percent.

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