Gor, AFC censure government over betting tax - News Summed Up

Gor, AFC censure government over betting tax


Kenyan traditional football giants Gor Mahia and AFC Leopards, have sharply differed with the government over the re-introduction of the 20 percent excise duty on betting. “Excise duty on betting shall be twenty percent of the amount wagered or staked,” said Yatani. I propose to reintroduce excise duty on betting at the rate of 20% of the amount wagered," Yatani announced. The tax was initially introduced in 2019 but shot down in July 2020 after betting firms plying trade in the country successfully lobbied to have the Finance Act 2020 amended, citing huge losses. The two mandarins stated that betting had continued to stream in revenue for local clubs amidst grave financial constraints occasioned by the outbreak of the coronavirus pandemic.


Source: The Star June 11, 2021 18:00 UTC



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