The judge had found that there was no ambiguity in the interpretation of the term “winnings” as defined by the Income Tax Act. KRA further argues that the tribunal’s finding had no legal backing in demanding withholding Tax from the Betting Firms and the manner in which it had enforced collection of the tax. This was however revised to include gross winnings. The betting companies interpret winnings as “ the positive difference between the payout made and stakes-placed in a month”. KRA, on the other hand, interpreted winnings as the gross amount of the payout including the staked amount

Source: The Star November 11, 2019 07:52 UTC