Kenyan Treasury proposes raising betting tax rate to 15%
Kenya's Cabinet Secretary for National Treasury and Economic Planning proposed increasing the betting tax rate from 12.5% to 15%, according to the report. The same rate increase was proposed for lottery and prize competitions; industry concerns cited possible consumer price effects and growth in the black market. The proposals also include potential restrictions on gambling advertising.
The proposed tax increase could change regulated operators' tax burden and market conditions if adopted.