Kenyan punters are avoiding paying tax by signing up to and betting using international sites.
Some of the sites require long processes to fund, but that does not deter the creative bettors from using them.
Kenya govt introduced a 15 per cent tax on stakes placed in betting, gambling and lottery, and a further 20 percent withholding tax on winnings.
The money is collected from punters every day through the Kenya Revenue Authority’s systems that compute taxes in real-time.
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The sites that are favourites for the bettors include 365bet, 1Xbet, SportyBet Nigeria, and CaptainsBet among others
In Kenya, MPESA is the widely used method to fund accounts.
Internationally, the bettors have options such as AstroPay, Skrill 1-tap. Webmoney, MoneyGo, Perfect Money, and Flutterwave among others.
However, some of the above-mentioned payment methods, especially AstroPay are cumbersome.
AstroPay has a habit of changing the terms of funds withdrawal when one wants to use the money.
The payment service also has a knack of converting local currency to international one, i.e. US dollars during transfers. This inconveniences the user.
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Umoja News would like to caution bettors not to attach their bank account / VISA cards to international sites as they risk fraudulent links or the details falling into wrong hands after hacking.
Tax avoidance is not a crime.
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