7.5 withholding tax on stakes
20% tax on winnings
15% tax on GGR
30% income tax
1.5% digital service tax
16% VAT
This is incredible! How are betting companies surviving?! Hii BCLB ni kama wanataka kuua betting
Many betting firms are money laundering operations. They don’t care whether they get taxed or not. All they care about is fidling with the cash flow yo make sure their sources of money are not questionable.
Jibu uko nalo hapo, it’s a case of finish them and if they show some resilience collect hiyo pesa which probably contributes substantially to ile 2B daily UMK alisema huwa inaibiwa
Hio ni tax kidogo ,try buying a car or jewelry say gold chain , earrings ndio utajua tax ni nini.
You would be foolish to launder money in such a high tax environment. These high end mall shops are much better conduits for laundering
Tax regime ya this country ni crazy. interestingly, the leaders know but they don’t care. Shida is they know that after every 5 yrs, stupid voters watawarudisha wakiwaona kwa kiosk wakinunua mahindi to show how down to earth they are. I remember during last elections, the first lady and daughter visited some villagers in rift valley kwa huts to show how they resonate with the masses.
Uko shimo gani? Most of these punitive taxes apply across.
Taxes before production.
35% Customs duty
25% Excise duty
16% VAT
2.5% IDF
3.5% RDL.
After Production.
16% VAT
30% Corporate Tax etc
All passed to the already poor Tax payer!
Jesus!..Manufacturing is even more trickier.
They are just cleansing money that was/ is not theirs.
If Obakos family can own shares in Odibets( for example) with whom do you think can’t?
It’s obviously not 88% this guy is being a clown. Anyway what does it if out of a billion dollars in stolen funds you get to keep 12% of it when the alternative is to store it forever in a hole unable to invest it in real estate or anything genuine like buying shares.
lazima we destroy gambling, inatuharibia watoto
The only tax in the list that gets passed to the consumer is the 20% tax on winnings. The rest are precisely worded so as to not be passed on to consumers.
A number of those taxes are only on [SIZE=7]profits. [/SIZE][SIZE=4]Stop clowning[/SIZE]
kumira kumira kumira thuraku
Most betting firms ni wash wash. Odibet a very tiny firm is now sponsoring activities all over kenya