{"id":9756,"date":"2024-12-13T13:39:01","date_gmt":"2024-12-13T13:39:01","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=9756"},"modified":"2024-12-13T13:39:01","modified_gmt":"2024-12-13T13:39:01","slug":"is-kenya-set-for-an-igaming-tax-hike","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/is-kenya-set-for-an-igaming-tax-hike\/","title":{"rendered":"Is Kenya Set for an iGaming Tax Hike?"},"content":{"rendered":"\n<p>The Kenyan Cabinet Secretary for National Treasury and Economic Planning, Prof. Njuguna Ndung\u2019u, has proposed significant amendments aimed at increasing the tax rates on betting and gaming services.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>These revisions are part of the broader fiscal strategy for 2024\/25, designed to boost revenue collection in alignment with the Vision 2030 economic blueprint and the Bottom-Up Economic Transformation Agenda (BETA).<\/p>\n\n\n\n<p>The proposed tax changes are intended to ensure financial sustainability and economic recovery while addressing the challenges associated with the betting sector.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"501\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/is-kenya-set-for-an-igaming-tax-hike2-1024x501.jpg\" alt=\"\" class=\"wp-image-9757\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/is-kenya-set-for-an-igaming-tax-hike2-1024x501.jpg 1024w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/is-kenya-set-for-an-igaming-tax-hike2-300x147.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/is-kenya-set-for-an-igaming-tax-hike2-768x376.jpg 768w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/is-kenya-set-for-an-igaming-tax-hike2-1536x752.jpg 1536w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/is-kenya-set-for-an-igaming-tax-hike2.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The proposal suggests reclassifying betting, gaming, and lottery services under taxable goods and services, ensuring stricter oversight and revenue maximization. Industry experts predict that this adjustment could lead to a higher tax burden for operators, with potential increases surpassing the current excise duty rate of 7.5% applied to betting stakes.<\/p>\n\n\n\n<p>The additional revenue generated would support essential programs, including public health, education, and initiatives aimed at mitigating gambling-related harms.<\/p>\n\n\n\n<p>This move follows Kenya\u2019s commitment to harmonize its tax systems and increase compliance across all sectors, as highlighted in recent public notices. A critical aspect of this strategy is encouraging transparency and efficiency in tax administration, particularly within the rapidly growing betting industry.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"680\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/is-kenya-set-for-an-igaming-tax-hike3-1024x680.jpg\" alt=\"\" class=\"wp-image-9758\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/is-kenya-set-for-an-igaming-tax-hike3-1024x680.jpg 1024w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/is-kenya-set-for-an-igaming-tax-hike3-300x199.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/is-kenya-set-for-an-igaming-tax-hike3-768x510.jpg 768w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/is-kenya-set-for-an-igaming-tax-hike3.jpg 1320w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>As consultations on these proposals continue, stakeholders await the final version of the Finance Bill, 2024. If enacted, these measures could redefine the gaming landscape in Kenya, emphasizing economic accountability and social responsibility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kenyan Cabinet Secretary for National Treasury and Economic Planning, Prof. Njuguna Ndung\u2019u, has proposed significant amendments aimed at increasing the tax rates on betting and gaming services. These revisions are part of the broader fiscal strategy for 2024\/25, designed to boost revenue collection in alignment with the Vision 2030 economic blueprint and the Bottom-Up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9759,"menu_order":139,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"class_list":{"0":"post-9756","1":"asia","2":"type-asia","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Kenya Set for an iGaming Tax Hike? - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/is-kenya-set-for-an-igaming-tax-hike\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Kenya Set for an iGaming Tax Hike? - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"The Kenyan Cabinet Secretary for National Treasury and Economic Planning, Prof. Njuguna Ndung\u2019u, has proposed significant amendments aimed at increasing the tax rates on betting and gaming services. 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