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August 5, 2025
1d ago

How KRA Collected Over Ksh13 Billion from Betting

How KRA Collected Over Ksh13 Billion from Betting

The taxman exceeded targets in the previous financial year...

✨ Key Highlights

The Kenya Revenue Authority (KRA) dramatically increased its tax collection from betting firms, raking in Kshs 13.2 billion in the 2024/2025 financial year. This significant growth is attributed to a new 'taxation at source' strategy, which involves direct integration with betting companies' systems for real-time monitoring of transactions.

  • The KRA collected Kshs 5.7 billion against a target of Kshs 5.495 billion in betting taxes for 2024/2025, marking a 22 percent growth from the previous year.
  • The KRA's new system allows for real-time tracking of every bet and payout, significantly reducing opportunities for underreporting and tax evasion by betting firms.
  • Following this success, the KRA plans to expand the 'taxation at source' model to other sectors, aiming for increased revenue collection and compliance across the board.

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