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Betting firms ignore new 7.5pc tax on stakes Summary Betting firms have failed to collect a 7.5 percent tax on the amount staked following the imposition of the new levy on July 1, setting the stage for a clash with the Kenya Revenue Authority (KRA). A spot check on a number of betting sites showed that gamblers were not having the new tax deducted on their betting stakes. The 7.5 percent excise duty is contained in the Finance Act, 2021 that was signed into law on June 30. Wednesday July 07 2021 By JOHN MUTUA Summary Betting firms have failed to collect a 7.5 percent tax on the amount staked following the imposition of the new levy on July 1, setting the stage for a clash with the Kenya Revenue Authority (KRA).

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