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How Much SportPesa is Taxed and How Much Jackpot Winners are Taxed in Kenya

Kenya’s Sport Betting Giant Sportpesa announced that the company will cease Sponsoring Kenyan Sports effective January 1st 2018.The Betting Firm made the decision after President Uhuru Kenyatta signed a Tax Law that was Unfavorable to them.

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How Much will SportPesa Be Taxed.
SportPesa through it’s Facebook Handle revealed to Kenyans how the Government is overtaxing betting Firms in Kenya.

Esteemed customer,
Regarding the new taxation law, we would like to clarify on the impact it has on the business. All Kenyan companies pay corporate tax at 30%. Currently, we pay at least 37.5% tax, higher than the normal corporate tax.
The new betting law adds an additional 35% tax. So SportPesa will be paying a minimum of 37.5% + 35% = 72.5% tax of gross revenue.

 In addition, we are still paying all other statutory taxes like P.A.Y.E., V.A.T and Withholding taxes.
We therefore cannot compete in the crowded market while still sponsoring sports while and companies are not doing the same.
Thank you

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How Much are Sport Betting Jackpot Winners Taxed in Kenya.
This will be a relief to most Kenyans since the Taxing law does not affect Jackpot winner.
CEO Ronald Karauri Revealed that Jackpot winning are not taxed.
In an Interview with Betty Kyalo during KTN’S Friday Briefing he Revealed that the 221 Million Jackpot Winner Samuel Abisai would receive the jackpot winning intact and that their would be no Deductions from his Winning.

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Who will be Affected when SportPesa stops it’s Sponsorship Program?
The following teams and Unions will be affected by Sportpes’s Decision to stop Supporting Kenyan Sports.

  • Gor Mahia
  • AFC Leopards
  • Nakuru All-Stars
  • Sportpesa Super 8 League
  • Football Federation of Kenya
  • Kenya Rugby
  • Sportpesa Premier League
  • Boxing Association of Kenya
However the Hull City Sponsorship will not be affected.

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