It seems the proposed 2018/2019 budget isn’t letting anybody off the hook…not even gamblers.
The government has set up a multi-billion shilling special kitty to be financed by the 20% tax imposed on lottery winners and 15% on betting and gaming companies.
According to Rotich, the government expects to generate over Sh50 billion from gaming firms to finance sports and arts.
Also, the taxes imposed on banks transactions of over Sh500,000 and the two per cent on mobile money transfers is projected to generate an additional Sh10 billion towards the kitty to finance the Big Four Plan – universal health.
“The newly-established special fund is likely to raise over Sh50 billion from the new tax proceeds,” said Mr Rotich “The funds are set to support the development of sports, culture and arts in Kenya. It will give the youth an opportunity to excel in the creative industry.”
