Members of Kenya's parliament approved in second readingthe draft law "On Bets, Lotteries and Gaming," which was submitted to the National Assembly of Parliament last June. According to the innovations, taxation will be provided for gambling operators on the territory of the state, Yogonet writes.
The bill provides for:
- 5% of tax deductions for lottery operators;
- 12% of GGR casino;
- 15% of the gross profit should be paid by the operators of the quiz, based on the cost of participation.
The author of the bill, MP Aiden Dualstated that this initiative will help to stop the illegal activities of operators regarding money laundering and tax evasion. According to Duil, the draft law will allow replenishing the country's budget, and the proceeds will be used to improve the healthcare system and transport infrastructure. He also said that plans for the near future - the development of a draft law on the introduction of a ban on gaming for minors.
Note: In Kenya, there is no law on tax collection from the organizers of gambling. If the draft law is adopted, the Kenyan Tax Office will be able to levy a tax on all operators providing gambling services.