That meant, if you won a 1000 KES bet, KRA would take 20% of the winnings (200 KES less the 75 KES excise), hence your take home would only be 925 * 20/100 = 740 KES. In addition, punters were to pay a 20% tax on all successful bets (winnings). This meant that, for every 1000 KES wagered, the taxman Kenya Revenue Authority (KRA), would toll 75 KES regardless of whether the punter won or lost the wager. In June 2021, a 7.5% excise duty was signed into law under the Finance Act of 2021. So, without further ado, let’s dive in and unravel the world of tax-free betting in Kenya!
Some of the ideas discussed here may require some degree of technical know-how, but worry not as we shall ease you through.
Fret not, as we’ve meticulously scoured the bookmakers’ world to compile this comprehensive guide of the top tax-free betting sites in Kenya.Īs is our norm, these handpicked selections are top-notch betting sites not only offering an incredible array of markets and competitive odds, but also ensure you keep every shilling of your hard-earned winnings. Welcome to the ultimate guide on betting sites without tax in Kenya! We know that finding the perfect platform to place your bets while avoiding those pesky taxes can be quite the challenge.
