Withholding tax on winning bets, which was paid to the Kenya Revenue Authority in the year ended June, dropped by Sh1.42 billion reflecting a slump in an industry amid clamping down on the addictive sector.
The taxman said it collected Sh5.67 billion in withholding tax from winning bets in the period under review reflecting a drop of 19 percent from Sh7.09 billion a year earlier.
