The Latest in tax
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Business

Massachusetts Betting Amendment Proposes 30% Tax on Online Wagering

Massachusetts lawmakers have voted amendments on House Bill 4879 to expand the scope of online lotteries in the state and increase sports betting tax to 30%. Amendments Passed for HB 4879 in Massachusetts Massachusetts lawmakers have amended a sports betting bill introduced last week to now allow online lotteries to operate legally in the state. […]
Massachusetts Betting Amendment Proposes 30% Tax on Online Wagering
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Legal

Kenya Overturned Controversial Tax Paving SportPesa’s Way Back

The controversial tax on sports betting turnover in Kenya is already part of the history as President Kenyatta signed the 2020 Finance Bill Tuesday, despite some concerns he may not give his approval. National Assembly Approved, President Signed into Law The 20% tax on betting turnover was looking more than certain to be carried from […]
Kenya Overturned Controversial Tax Paving SportPesa’s Way Back
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Legal

Kenya: Betting Turnover Tax Overturned, Pending President’s Approval

The tax on sports betting turnover in Kenya has been removed in an unexpected development of events, after the National Assembly of the country approved the Finance Bill 2020, the budget for the fiscal year starting July 1. The tax that was part of the 2019/2020 budget of the country was almost certain to be […]
Kenya: Betting Turnover Tax Overturned, Pending President’s Approval
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Legal

The Philippines to Look into Casinos Tax Remittance Discrepancies

ACT-CIS Party member Niña Taduran has filed a House Resolution, appealing to competent authorities to investigate the mismatch between expected tax remittances and the actual numbers POGOs have been reporting. Philippines MP Files Resolution to Audit POGO Taxes At the request of a member of the Philippines Parliamentary House Committee on Games and Amusement a […]
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Business

PAGCOR Boss Says Not to Overregulate POGOs

Discussing the Philippine Offshore Gaming Operators, the country’s gaming regulator boss, Alfredo C Lim, said that POGOs were a positive development and they must not be regulated and taxed out of existence. PAGCOR Boss Warns the Philippines to Avoid Overregulation PAGCOR President and COO Alfredo C Lim has cautioned the government not to try and […]
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Legal

Sportsbooks SportPesa and Betin Get Favorable Ruling

Betin and SportPesa may be close to returning in Kenya after the Kenyan Tax Appeals Tribunal ruled against a government attempt to introduce taxes on players’ winnings rather than their stakes. Is SportPesa Going to Return in Kenya After Favorable Ruling? The long-embattled SportPesa sportsbook may finally see a light in the end of the […]
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Sports

SportPesa Leaves Kenya, Lays Off 453 Employees

SportPesa shuts down Kenyan operations 453 employees are laid off Kenyan authorities still haven’t responded Kenyan sports betting operator SportPesa is pulling out of the market due to a conflict with Kenyan Parliament and a demand on the part of MPs for the company to pay 20% in back taxes. SportPesa Refuses to Agree to […]