Kenya betting tax removed as Kenyatta signs finance bill

NAIROBI, 28th May 2020, —President Uhuru Kenyatta today at State House, Nairobi signed into law the Kenya Institute of Curriculum Development Bill of 2019. The new law mandates KICD to incorporate personal safety and psychosocial skills training in the curricula for basic and tertiary institutions. The committee had collected evidence on the bill from a number of stakeholders, including Sportpesa, which argued that using turnover as the base for the excise tax was contrary to the excise duty law. The operator pointed out that the law states that the excisable value of services should be “the fee, commission or charge payable for services, or open market value”. AllAfrica publishes around 600 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons.

The American Chemistry Council said it did not know whether the Office of the United States Trade Representative had taken its recommendations into consideration. British lawyer Karim Khan has been sworn in as the new chief prosecutor of the International Criminal Court. A Kenyan lawyer has gone on trial at the International Criminal Court charged with bribing and threatening prosecution witnesses so that they would withdraw their statements in a case that ultimately collapsed amid widespread witness interference. A top United Nations humanitarian official has raised concern about people going hungry in a remote part of northern Kenya.

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At the time, the committee said “the reason behind was that the high level of taxation had led to punters placing bets on foreign platforms that were not subject to tax and thereby denying the government revenue”. Kenyatta’s mixed legacy was highlighted at the 10-year anniversary of Kenya’s independence.

We provide you with the latest news and videos straight from the entertainment industry. Tunisian authorities intercepted five new migration attempts overnight and rescued or intercepted 82 people, the interior ministry said on Friday. A ship approached Ukraine on Friday to pick up wheat for hungry people in Ethiopia, in the first food delivery to Africa under a… Kenya’s Energy Regulatory Commission has already revised the cost of fuel to reflect the changes in the finance act. The Bills were presented to the president for signature on Wednesday by Solicitor General Ken Ogeto at the brief ceremony attended by Agriculture CS Peter Munya, Senate Speaker Ken Lusaka and Leader of Majority in the National Assembly Amos Kimunya.

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Police said on Sunday at least four people were killed overnight in Mathare, a Nairobi slum neighbourhood where there is strong support for the opposition. In a statement issued shortly after the court gave its decision on Monday, Odinga said he considered Kenyatta’s government to be illegitimate. Aggressive investment in local content, pricing, and new entrants in over-the-top services – like Netflix – https://turbo-tax.org/ are driving a dramatic … Shift among premium customers, posing a threat to pay-TV providers like Multichoice, according to analysts. Developing renewable energies, structuring an agricultural sector, biorefinery…In Congo-Brazzaville, Claudio Descalzi, CEO of the Italian multinational … Oil and gas company Eni, gave substance to the Congolese gas export project, which will be implemented in 2023.

And so, you know, in the meeting today, we can expect that the President will, again, reinforce the need to bring transparency and accountability to domestic and international financial systems. I listened to the agenda you just described, and what I didn’t hear on it was anything about anti-corruption efforts. The President has said that anti-corruption is going to be a priority for his administration everything. In a state of the nation address on Saturday, April 25, president Uhuru Kenyatta said already 108,000 vulnerable households have been captured and are recieving direct cash from the government every week. The tax had been included in previous years’ budgets and was raised from 10% to 20% when last year’s Finance Bill was passed in September 2019. This increase led Kenya’s two largest operators, Sportpesa and Betin – which were each already embroiled in tax disputes with local authorities at the time – to put a halt to operations in the country. Kenyan President Uhuru Kenyatta has signed into law the country’s Finance Bill, which removes the 20% excise tax on sportsbook stakes that led to local operators Sportpesa and Betin exiting the market.

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Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. A nurse, left, prepares a shot of AstraZeneca COVID-19 vaccine, manufactured by the Serum Institute of India and provided through the global COVAX initiative, from a portable cold storage box, center, in Machakos, Kenya, Wednesday, March 24, 2021.

The latest local, regional and national news events are presented by the Local 10 News Team along with updated sports, weather and traffic. Industry players from the affected sectors have also cautioned of tough times ahead as the costs of doing business increases. Costs of bank services are also expected to go up as charges for ATM, President Kenyatta Signs Tax Laws account fees and over-the-counter withdrawals increase to 20 per cent from 10 per cent. The housing development levy is expected to support President Kenyatta’s ‘Affordable Housing’ arm of his ambitious “Big Four” project. It is expected to generate about Ksh56.5 billion annually to support the government’s low-cost housing project.

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