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macau casinos The new 7.5% tax comes via a revision introduced by

macau casinos The new 7.5% tax comes via a revision introduced by

macau casinos The new 7.5% tax comes via a revision introduced by the Kenyan Revenue Authority (KRA), the country’s tax regulator. Previously, and amid no shortage of major legal battles, the KRA had been questionably trying to enforce a 20% tax on all gambling verticals. That higher tax was made retroactive, leaving large gambling companies such as SportPesa throwing in the towel and exiting the country. The KRA was allegedly trying to charge double the 10% originally established, but had its efforts blocked by the Nairobi High Court..In a modern-day version of the Boston Tea Party, gambling and telecommunications companies fought the excessive taxes and the attempt by the KRA to make it retroactive. The gambling industry was in turmoil and no one knew who was in charge of what. Despite being ordered to justify the tax, the KRA couldn’t and still pushed for the 20%. Last month, it looked as though it had convinced lawmakers to support it, but those efforts have now apparently come to a grinding halt with Kenyatta’s approval of the modified tax rules.

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