KPL asks government to reconsider tax proposal on betting firms
The Kenyan Premier League Limited has petitioned the Government to re-evaluate its recent budgetary proposal to introduce a uniform 50% tax across board on betting, lottery, gaming and competition firms.
This proposal was fronted by Treasury Cabinet Secretary Henry Rotich when he read the year’s budget on March 30.
“This will help tame gambling in the country which has gained popularity among the youth and a large population,” said Rotich in his speech.
The KPL is however among a number of stakeholders who are opposed to the high tax rates.
BETTING FIRMS
“It is clear there are other industries which (also) benefit from a vibrant sports industry which is currently anchored on the success and exponential growth of betting firms,” KPL CEO Jack Oguda said.
“Collapse of betting will therefore not only lead to a collapse of the sports sector but also other industries which rely on sports for their revenue,” Oguda explained.
The KPL joins a growing list of other stakeholders including Gor Mahia and Sofapaka FC, plus Football Kenya Federation, that have publicly asked Rotich to reconsider the proposal.
Rotich has however been publicly supported by Sports CS Hassan Wario, who says the collected monies will be channeled towards improving infrastructure, plus identifying and nurturing talents.
