Betika starts 20pc tax cut on customer winnings

Betika will withhold a fifth of the sums on every winning bet. FILE PHOTO | NMG

Betting firm Betika has started deducting 20 percent on customer winnings in compliance with a Kenya Revenue Authority (KRA) directive.

The firm informed customers of the move last week, coming before the High Court in Nanyuki ruled last Thursday in favour of the KRA that taxing winnings was not unconstitutional.

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Note: The results are not exact but very close to the actual.