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KRA, SportPesa fight over seizure of Sh1bn in telcos
Each betting firm is assigned a unique number or paybill, which is used to process payments from users who place bets on their mobile phones and to pay off those who win.
The Kenya Revenue Authority (KRA) and Milestone Games, which runs the SportPesa brand, are locked in a legal battle over the taxman’s attempt to seize Sh1 billion belonging to the betting firm from banks and telecoms operators.
The Tax Appeals Tribunal has halted the seizure of the cash sitting in five banks, including Absa, KCB and Eco Bank, and telcos Safaricom and Airtel, ruling that the KRA cannot confiscate the Sh1 billion in the middle of Milestone Games’ appeal.
