Matiang’i  orders Betting firms to pay taxes before July 1st

0 385

Interior cabinet secretary Fred Matiang’i has ordered proprietors within the multi-billion shilling betting and gambling industry to pay all taxes owed to the government by until July 1.

Speaking on Monday after a meeting with the Betting Control and Licensing Board (BCLB) Matiang’i revealed that the betting industry in Kenya generated at least Ksh.202 billion in revenue last year alone but only remitted Ksh.4 billion in taxes.

“Effective July 1, 2019, all betting licenses in the country stand suspended unless the holders have paid all their taxes,” said Matiang’i

According to the CS, statistics show that Kenya is leading in the continent as far as betting goes with about 76% of the youth actively involved in one form of gambling or another

The C.S also directed BCLB to convene a meeting with the Communications Authority of Kenya (CAK) and review betting advertisements as well as documenting those running the firms.

“I have instructed Immigration PS and Director General to be involved to ensure that anyone who is involved in this exercise, especially those who are not citizens of our country, are properly documented and they have the right papers to be in our country, Where they are not, the law should take its course immediately and we should call them to account. We cannot run a sector where we are supporting indirectly money laundering in some kind of disguised way where it looks like they’re doing the right thing” he stated

Comments
Loading...