Kenya’s betting sector awaits Treasury decision on future of 20% wagering tax

Kenya

Kenya’s sports betting industry waits to see if the National Treasury will reimpose the controversial 20% blanket tax on wagering.

The tax proposal came into effect as a directive for Kenya’s 2021/2022 National Budget. It is currently under review by Treasury Secretary Ukur Yattani for final amendments.

Moreover, according to a Treasury announcement, Yattani will present the National Budget reading on Thursday, June 10th. It will outline new fiscal proposals to strengthen the state’s balance sheet, which went down by a year of pandemic.

Earlier, the implementation of a 20% tax on all gambling verticals was first proposed by Kenya’s Uhuru Kenyatta government as part of the country’s 2020 budget.

 

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Nassima Azmzm

Nassima Azmzm

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