Kenya's Latest Gambling Tax Final Nail In Industry's Coffin, Warns KPMG

Kenya is preparing to introduce yet another new tax on betting activities in a bid to curb underage gambling, prompting analysts to warn that the country’s cumbersome gambling taxes could spell the end for licensed operators.

The country’s National Treasury announced the new tax in its financial year 2019-20 budget statement, which focuses on “creating jobs and transforming lives”.

Henry Rotich, Cabinet secretary for the National Treasury, said “in order to curtail the negative effects arising from betting activities, I propose to introduce excise duty on betting activities at the rate of 10 percent of the amount staked”.

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