Africa
Kenya to lower gambling tax, but to increase advertising restrictions

Kenya’s gambling operators may yet receive their long-awaited tax relief while possibly facing new restrictions on their ability to market their operations.
’Kenya’s National Finance and Planning committee has proposed to reduce tax on all gambling revenue to 15 per cent and lower the share directed towards social causes to 5 per cent. The existing gambling tax is 35 per cent and share for social causes is 25 per cent.
The present gambling tax rate of 35 per cent tax rate was imposed on January 1, despite betting operators arguing that the new rate would cut their margins by nearly half. While the proposed tax cut is a good news for gambling industry, the proposal of the Kenya Film Classification Board (KFCB) is not very friendly. KFCB has suggested a total ban on gambling advertisings between the prime television time between 5 am and 10 pm. The proposal intends to protect children from ill-effects of gambling addiction.
KFCB CEO Ezekiel Mutua saying his organisation will be “stern” with media outlets that continue to air gambling ads during the watershed period. Mutua put all media houses on notice that legal action would be forthcoming unless they agreed to toe the line.
Source: calvinayre.com
-
Asia3 days ago
Jetapult Strengthens AI Expertise: Onboards Industry Leaders, Oz Silahtar and Dr. Arjun Jain
-
Latest News4 days ago
Roobet Promo Code: Redeem “WRD100” Now to Get a Free Money & Cashback
-
Latest News4 days ago
Regulatory Roadblocks: The Future of Sweepstakes Gaming in the U.S.
-
Latest News4 days ago
Recently Released Slot Games Worth Checking Out
-
Latest News4 days ago
UK Gambling Commission Flags Deepfake-Fueled Money Laundering Threats in Online Gambling Sector
-
Africa4 days ago
Gaming Corps Expands African Presence with KingMakers Partnership
-
Latest News4 days ago
ULTIM8 SPORTSBOOK IFRAME: Ultimate Solution for Operators Who Have Seen It All
-
Latest News4 days ago
PG Soft debuts Doomsday Rampage slot