Winnings do not include the amount staked or wagered in that transaction. With the new definition, Kenya seemingly seeks to eliminate ambiguity on the taxation of winnings. Definition of immovable property The Act replaced the prior definition of immovable property with a new broader definition. ...
The Kenya Revenue Authority (KRA) will monitor transactions on mobile merchant accounts such as Safaricom’s Lipa Na M-Pesa in real-time after linking its platform with that of telcos, replicating the successes of a similar integration with betting companies in catching tax evaders. TheBusines...
“I have found that in betting transactions, it is proper to levy excise duty on the stake,” Justice Odunga said. The gamblers, who triggered the suit, claimed the introduction of the extra tax of 7.5 percent on top of the 20 percent tax imposed on all winnings amounted to double t...
Controversy is brewing in Ghana as the government’s recent introduction of a 10% withholding tax on betting and lottery winnings ignites public discontent.
At 0%, Russia has the lowest tax rates in the world and casino operators are not required to pay any taxes in gaming revenue. The government obtains revenue from the flat fee placed on gaming tables and gambling machines. Kenya As one of the top countries in Africa where gambling has flou...