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Pambazuka National Lottery Shuts Down Over Heavy Taxation


Pambazuka National Lottery Shuts Down Over Heavy Taxation

Pambazuka National Lottery has announced that it is closing shop over unsustainable operation costs that have been brought about by government's decision to slap them with a 35% tax on all ticket sales.
In a statement issued to the public, the national lottery ran by Bradley Ltd said they are suspending all their business operations in Kenya.
Pambazuka National Lottery has today suspended its business operations in Kenya. This has been occasioned by the current taxation regime. Prior to January 2018, operations have been based on a 55% pay-out and the imposition of a 25% tax devoted to charity as per regulations.
The government recently won a case that was objecting to its decision to impose the tax and has since effected it. Many of the betting and lottery companies have said they will be forced to shut down operations in Kenya as it is not profitable anymore.
SportPesa recently cancelled all their partnerships with various sports clubs in the country and said they will make more changes in the coming future.
Pambazuka National Lottery Shuts Down Over Heavy Taxation
Statement By Pambazuka National Lottery
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