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Home » Kenya: Government Introduces A 10 Percent Tax On Bets
Kenya: Government Introduces A 10 Percent Tax On Bets
Kenya: Government Introduces A 10 Percent Tax On Bets
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Kenya: Government Introduces A 10 Percent Tax On Bets

On Thursday, the Kenyan Treasury Cabinet Secretary Henry Rotich, announced a new 10 percent excise duty on all betting and gambling activities as he presented the 2019/20 Financial Budget.

Following the new regulation wagering any amount will cost 10 percent extra for gamblers.

Betting has become quite spread and its expansion has had negative social effect particularly to the youth and vulnerable members of our society, and in order to curtail the negative effect arising from betting activities, I propose to introduce excise duty on betting activities at 10 percent at the amount staked,” Rotich announced.

There have been mixed reactions from lawmakers in the country and some have strongly criticized the new move.

“I am disappointed of taxation, betting it has negative social effect for our young people and as National Assembly we suggested taxation should be 30 percent but today I was surprised the minister only increased by 10 percent, that will not cure the menace,” Ndhiwa MP Martin Peters Owino said.

“Gambling has destroyed our society and we cannot continue raising our children through guess work. I am so unhappy with position of the minister where he has taxed only 10 percent… he should have taxed more as he did with beer and cigarettes.”

Earlier a Kenya Highcourt suspended the ban on gambling adverts which was brought in By BCLC and was to come into effect from beginning of this month.

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Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at [email protected]

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