The Treasury has vowed to push for the reintroduction of excise duty on betting at a rate of 20 percent of the amount staked, in a move it says is aimed at curbing the rise of the gaming addiction among the youth.
Treasury Cabinet Secretary Ukur Yatani said the ministry would propose an increase of the tax from the current 7.5 percent in the next financial year, in what is likely to spark off hostilities with Parliament and betting firms.
