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Kenya’s Finance Act 2025 shifts betting taxes to deposits and withdrawals

Regulation

Kenya’s Finance Act 2025 introduced a 5% tax on betting-wallet withdrawals and a 5% excise duty on deposits, replacing the previous 20% levy on net winnings and 15% deposit duty. The Parliamentary Budget Office projected gambling-tax revenue could rise from about KSh5.4bn to KSh11.4bn in the 2025-26 financial year; legal advisers said the system may increase costs for casual bettors.

Operators must apply the revised wallet-flow taxes, while the change taxes deposits and withdrawals regardless of betting outcomes.

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Fecoljuegos challenges Colombia’s 19% tax on online gaming deposits

Colombian gaming trade group Fecoljuegos criticised the 19% tax on deposits made through online gaming sites under the government’s economic emergency decree. President Evert Montero said taxing deposits rather than bets or net revenue could distort operators’ financial measures and push players towards illegal sites; he said the group had submitted proposals for a permanent tax based on income to the Finance Ministry.

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