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Cheza Gaming sued over Sh55m owed UK company

Cheza Gaming sued over Sh55m owed UK company
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

United Kingdom , Paresh Shah , Justice John Mativo , High Court , Khubi Solutions , Cheza Gaming , Solutions Limited , John Mativo ,

Betting firms ignore new 7.5pc tax on stakes


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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