Gamblers to pay KRA 20pc of stakes before betting



Business Daily | by Constant Munda


Gamblers will pay a fifth or 20 percent of the cash they have set aside in their wallets for betting in a proposed tax aimed at curbing the practice that has become a near national pastime.

Treasury Cabinet Secretary Ukur Yatani has proposed to heavily tax punters by raising the excise duty on cash wagered on betting, gaming, prize competition and buying a lottery ticket from the current 7.5 percent…

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