Betting Firms must Pay Taxes or they’ll Remain Shut Down, whether they Like it or Not

President Uhuru Kenyatta.

President Uhuru Kenyatta has vowed all betting firms will remain closed, if they are not willing to pay taxes, whether they like it or not.The president has blamed betting companies for breaking the country’s moral fabric by involving millions of Kenyan youth in gambling.

”We want to get that money so that our children can use it in sports and culture. Gambling is not for children, and also, some money should be given to the government,” said the president.

Uhuru did not mint his words and vowed he will not revoke the government’s decision to shut down the paybills and short codes for 27 of these firms until their licences are renewed.Adding that court processes are being used to frustrate the taxman and other regulatory agencies.

”The firms should stop threats that they will move to court. The government must get its share to fund activities that are beneficial to this country. Some firms have been hoarding taxes but we have managed to push them to pay and we will continue doing so. Those in the betting companies are our friends but we have to agree that the government must get its rightful share to build cultural centres and other developments,” he added.

The president was speaking  at Kiamugumo Primary School in Kirinyaga County during city lawyer Kamotho Waiganjo and Kirinyaga Governor Anne Mumbi’s traditional wedding.

The revocation of betting firm licenses has affected a number of companies includingSportPesa, Betin, Betway, Betpawa, Premierebet, Lucky 2 U, 1XBet, Dafa Bet, Atari Gaming, PalmsBet, Betboss and Mozzarbet.

 

 

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