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“Generally a casino’s gross income will exceed prices by between 10 to 25 per cent relying on its size. In our case it is at greatest 22 per cent,” Mr Dunford wrote in the letter. More casinos are considering shutting down, in accordance with Association of Gaming Operators Kenya chairperson Ronald Karauri. Industry insiders mentioned the economics of the enterprise could not permit them to shoulder the extra tax burden, forcing them to shut up store. However, the lack of a obtain application for iOS and Android gadgets is a bit bitter.
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The flat taxation treats the businesses the same regardless of their completely different models and price structures, which the previous tax regime appears to have taken into consideration. Pambazuka National Lottery, as an example, last month suspended its operations and its affiliate sports betting agency SportPesa cancelled its Sh600 million annual funding to numerous sports organisations. We just don’t see how we will presumably survive a tax of 35 per cent on gross income.
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