Treasury hits gamblers with 20pc winning tax

A customer on a slot machine at a casino in Eastleigh, Nairobi. FILE PHOTO | NMG

The Treasury yesterday gave the clearest signal yet that it will vigorously pursue gamblers for a share of the lottery and betting windfalls with a planned re-introduction of a 20 per cent tax on winnings.

The Tax Laws (Amendment) Bill 2018 seeks to restore the tax charged on betting winnings that was dropped in 2016 due to numerous hiccups in its implementation.

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