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Sportpesa, a Kenyan online sports betting firm has canceled 600 million shillings ($5.80 million) in direct annual sponsorship for the country’s main football league and other sports, after the government hiked taxes for such firms by more than four times. The government increased the tax rate on gross profits for sports betting firms, lotteries and […]
Kenyan President William Ruto has announced that he will not sign into law a controversial tax bill that sparked widespread protests across the country, in a move that aims to quell the growing civil unrest. The protests, which erupted on Tuesday, resulted in the deaths of more than 20 people, according to the Kenya Human […]
Kenyan betting and gaming industry has issued a dire warning about the potential impact of proposed tax changes in the Finance Bill 2024. According to industry representatives, the introduction of a value-added tax (VAT) on betting and an increase in excise duty to 20% risks triggering the disappearance of at least 80% of all sportsbook […]
Gambling is a significant source of tax revenue for the Ugandan government. According to Denis Mudene Ngabirano, the Chief Executive Officer of the National Lotteries and Gaming Regulatory Board, the over 50 licensed gaming companies in Uganda have a total turnovers of three trillion Ugandan shillings. These companies contributed over 130 billion Ugandan shillings in […]
Betsafe, a leading online betting firm, has announced its exit from the Kenyan gambling market effective May 14th, 2024. The decision comes amidst a climate of escalating taxation that has driven several major players out of the multi-billion shilling industry. According to Betsafe CEO Victor Sudi, the excessive tax burden proved unsustainable for the company’s […]
Betting firms operating in Kenya are breathing a sigh of relief as the National Assembly Committee on Sports recommends adjustments to taxation rates in the proposed Gambling Control Bill of 2023. The move comes as a welcomed reprieve for the industry, which has faced escalating taxation pressures in recent years. The committee’s key recommendations include […]
Proposed betting taxes are set for implementation following the intense lobbying against higher levies for the industry. The inclusion of wagered amounts in the computation of withholding tax met by great opposition during the submission of public comments. The finance and national planning committee of the National Assembly indicated more-than 10 submissions were against the […]
Ghanaians are reacting to the government’s introduction of a new tax on betting, games of chance, and lottery prizes. The tax, which would apply to domestic competitors, will be 10% of all winnings. Betting companies operating in the country would also face a 20% tax on their revenue. The revelation has received varied emotions from Ghanaians, […]
Nigerians to pay more Internet Data Services, Impact on Gambling Industry
