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Revised turnover tax for Kenyan gaming operators

Revised turnover tax for Kenyan gaming operators
worldcasinodirectory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcasinodirectory.com Daily Mail and Mail on Sunday newspapers.

Kenya provides amnesty to bookmakers lowering tax rate to 7 5%

Kenya provides amnesty to bookmakers lowering tax rate to 7 5%
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Some well awaited certainty on Kenyan withholding taxes for inbound services

Some well awaited certainty on Kenyan withholding taxes for inbound services Search Polity Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the & symbol, click Advanced Search and use the search headings and/or in first paragraph options. With. Clear Search Sponsored by Sponsored by A recent decision by the Tax Appeals Tribunal of Kenya has provided much needed clarity on withholding tax payable by South African residents providing services to Kenyan entities Kenya applies a 20 % withholding tax on payments made for services rendered by non-residents to Kenyan residents.  South African residents providing such services have argued that the withholding tax provisions should not apply because under Article 7 of the South Africa-Kenya Double Tax Agreement (DTA), South Africa has the taxing rights on the service income (provided the South African entit

Kenyan Cryptocurrency Companies on Notice as Digital Tax Law Takes Effect

Kenyan Cryptocurrency Companies on Notice as Digital Tax Law Takes Effect 312 Kenya’s Digital Service Tax, or DST, came to fruition at the beginning of 2021. The DST is part of the nation’s 2020 revamped Finance Act that concentrated on the digital services area among other segments. In line with the stipulations of the new tax regime, e-market trade including crypto payments now face a 1.5% levy. A Kenyan country representative at non-custodial P2P cryptocurrency exchange Bitzlato, Reginald Alango, informed Cointelegraph that the newly implemented tax policy prescribes a 1.5% tax on the total transaction value of every cryptocurrency trade. Speaking on the possible impact of the policy on cryptocurrency adoption in the country, Alango noted:

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