Njunge wrote:KOT has made betika to stop collecting that tax forthwith... Lol.
I don't think they have stopped deducting the tax.They have just re-adjusted their systems to show the correct gross winnings. Previously their systems were showing the winnings less 20% tax. So I believe what they intend to do now is to indicate the gross winnings on the betslips but deduct the tax during the pay outs.
If you are keen you will notice that after adjusting their systems, even the previous bets which were paid out less 20% tax are now indicating the gross winnings in the betslips.
Last night's Liverpool's match was trending embarrassingly for them. With odds of 1.15, a guy had placed a bet of 1000/= and Betika systems were showing that he stood to win 920/=.
You get the feeling that the taxman either has no clue of what he is doing or he is outrightly malicious.
A better tax regime should have been a 50% tax on the actual winnings rather than 25% on the gross winnings.
KOT should be blaming the government(Matiangi?) instead of blaming the Betting firms.
Meanwhile Sportpesa has suspended sports sponsorship.