Kenya's Tax Agency Warns About Upcoming Betting License Renewals
Rewritten Article:
The Kenya Revenue Authority (KRA) has given a heads-up to all betting and gaming firms operating in Kenya: it's time to update your tax matters to avoid hassles while renewing your licenses. The current licenses, issued under the 2024/2025 financial year by the Betting Control & Licensing Board (BCLB), will expire on June 30, 2025, as per Section 9 of the Betting, Lotteries and Gaming Act (BL&G Act).
KRA has emphasized the necessity of getting your tax houses in order to proceed with the renewal. As they stated in a recent press release seen by iGaming AFRIKA, "All betting and gaming operators are encouraged to update their tax matters with KRA to ensure a smooth renewal process."
Here's what you'll need to do to comply:
Tax Compliance Essentials
- Valid Tax Compliance Certificates (TCCs): Both you and your directors should have genuine TCCs to show your tax obligations are taken care of, to the satisfaction of the KRA.
- Filed Returns: Make sure all tax returns have been duly filed for the pertinent periods.
- Settled Tax Liabilities: Squash any pending tax debts to avoid snags during the license renewal.
- System Integration: Integrate your systems with KRA's for effortless daily tax remittances and data transmission.
- Up-to-date Company and Director Details: Update the director details, physical location, and contact information on your iTax profile, as per the CR12 form.
Submission of Documents
- Hand over the required documents at KRA's offices or send them to the email addresses of the relationship managers.
Pro Tip: Consider taking advantage of the ongoing tax amnesty to avoid penalties before the deadline. And remember, the deadline for license renewal is June 30, 2025.
Want to stay in the loop? Join our Telegram betting community! Better yet, connect with the Betting Control & Licensing Board and the Kenya Revenue Authority (KRA).
- To ensure a hassle-free renewal of their licenses, betting and gaming operators in Kenya are advised to update their tax matters with the Kenya Revenue Authority (KRA).
- The Betting Control & Licensing Board (BCLB) has issued licenses under the 2024/2025 financial year, which will expire on June 30, 2025, as per Section 9 of the Betting, Lotteries and Gaming Act (BL&G Act).
- To comply with the tax requirements, operators must possess valid Tax Compliance Certificates (TCCs) for both themselves and their directors.
- All tax returns for relevant periods must be duly filed, and any pending tax debts must be settled to avoid delays during the license renewal.
- To simplify daily tax remittances and data transmission, it is necessary to integrate your systems with KRA's.
- Directors should also update their details, physical location, and contact information on their iTax profile, as per the CR12 form.
- To avoid penalties, operators in the Kenyan casino-and-gambling, casino-games, gambling-trends, sports/sports-betting, and fintech industries should take advantage of the ongoing tax amnesty before the deadline and remain informed with updates from the Betting Control & Licensing Board and the Kenya Revenue Authority (KRA).
