Stakes, winnings and taxes
Excise duty on stakes, tax on winnings and how a bet is settled under Kenyan law.
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One illustrative Kenyan bet from deposit to payout: 5% excise on the deposit, 5% withholding tax on the withdrawal and the operator's own 15% betting tax.
Kenya charges 5% excise duty on money deposited for betting, not on each stake. The law, who remits it, the rate history since 2019 and a worked example.