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KRA accuses betting companies of misreporting CSR and advertising costs

Regulation

Kenya Revenue Authority officials accused betting companies of overstating sponsorship, community-project and advertising expenses to reduce tax liabilities, according to the report. The account also says a court found Treasury approval of tax breaks without Parliament's consent unconstitutional; BCLB chief executive Peter Mbugi had ordered gambling companies to disclose CSR projects, spending and recipients.

The allegations and disclosure order concern betting companies' tax reporting and CSR expenditure in Kenya.

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