Betway slapped with Sh158M tax demand

Betway, an international betting company operating in Kenya, has been ordered to remit Sh158 million in taxes owed to the Kenya Revenue Authority.

The ruling by the Tax Appeals Tribunal includes Sh16.5 million withholding tax arrears.

Betway had moved to the tribunal seeking to have the withholding tax requirement on winnings revoked.

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"According to the provisions of section 34 as at the period under review, the Withholding Tax should have been applied on the gross payouts. The Tribunal therefore finds that Withholding Tax is due and payable by the appellant," the Tribunal ruled.