The Kenya Revenue Authority (KRA) has published data on tax revenues from eight licensed betting operators and lottery companies. For the past three years, the operators have transferred taxes of $45.3 million to the state budget.
The data are based on sports betting and lottery sectors, and do not include casino and bookmakers’ activities. According to the latest published tax data solely for betting and lottery operators, KRA voted against the bill providing for raising tax rates for local gaming companies.
“The increase in tax collections will lead to the development of the shadow economy and tax evasion”, explained John Njiraini, president of the KRA.
Currently, Kenyan legislators discuss the issue of increasing the income tax for local operators — up to 15% for operators of sports betting and up to 20% for lottery companies. For their part Kenyan operators are ready to offer their services for foreign players to increase income and avoid paying taxes.