Business

KRA clears 10 betting firms, ready to be back to business

KRA offices in Nairobi. PHOTO | NMG
KRA offices in Nairobi. PHOTO | NMG

Interior Cabinet Secretary Fred Matiang’i blamed for 50 billion treasury lose 2019. The government collected from the betting companies 50 billion the year 2018.
KRA has cleared 10 betting companies whose licenses had failed to be renewed by the government over tax compliance.
 They are Betway, OdiBets, Mozzartbet, Ken Bookmakers, Lucky 2u, Eazi Bet, Kick off, Eastleighbet, Palms Bet and Bet boss. 

The major condition that betting and gaming firms had to meet before having their licenses renewed is to be tax-compliant.

Other betting companies are still in the dark. The government now explain what the conditions are and any company fulfilled the conditions, its license will be renewed.

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