AFRICA - Kenya Revenue Authority is to impose a 20 per cent withholding tax on winnings from gaming as it seeks to bring more people in to the tax bracket. Currently the taxman only levies a 16 per cent tax on the gaming company leaving winners untaxed. Speaking at a Mocality Business Conference at the KICC [...]
Posts Tagged ‘Africa’
Taxman to slap 20 per cent levy on gambling winners
Thursday, December 1st, 2011Online gambling in South Africa, on the cards?
Tuesday, October 25th, 2011SOUTH AFRICA - Trade and Industry minister, Rob Davies, has suggested in a lightly veiled manner that online gambling in South Africa may soon be legalised. There will shortly be hearings on the findings of a gambling commission, currently before the Portfolio Committee on Trade and Industry in Parliament, and changes may include making gaming [...]
Internet gambling rules soon in South Africa
Tuesday, August 16th, 2011SOUTH AFRICA - Online gambling is the Wild West of the gaming industry – completely unregulated – yet South Africans, who can increasingly access cheaper internet connections at home, are taking their chances and pocketing their illicit winnings. But the National Gambling Board is on their trail, as well as that of the advertisers of what [...]
Jackpot for online gambling in South Africa?
Monday, July 4th, 2011SOUTH AFRICA - A report on SA’s gambling sector has finally been completed, 18 months after it was commissioned. Although the Gambling Review Commission recommends online wagering be made legal, and more than 10 licences issued, the current framework is unlikely to be changed for at least another two years. In the meantime, although interactive gambling is [...]
Cape Verde establishes law on gaming and gambling and creates Gaming Inspectorate
Monday, June 13th, 2011AFRICA - The Cape Verde government sets up permanent gambling areas on the islands of Santiago, São Vicente, Sal, Boavista and Maio, although temporary areas can also be set up.Macau Hub.
Kenyan government orders gambling law review
Sunday, April 10th, 2011KENYA- The government has formed a team to look into laws governing gambling with the aim of rewriting them to stem money laundering and other illegal activities. The task force, appointed by Vice President and Home Affairs minister Kalonzo Musyoka, will complete its work in four months. “This task force is overdue. The era of [...]
