Kenya Finance Bill proposes raising betting stake tax to 20%
Kenya's Finance Bill 2023 proposes increasing excise tax on betting stakes from 7.5% to 20%, according to the report. It also proposes defining winnings to include the amount wagered, which could subject punters to withholding tax on gross payouts; tax experts cited in the report said the changes may face legal challenges.
The proposed changes could increase operators' tax liabilities and alter the basis for withholding tax on punters' payouts.