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We can solely consider cessation of operations to keep away from continual losses,” Martin Dunford, a director of Golden Key Casino, wrote in the letter. Sector gamers say they cannot take in the 35 per cent tax on gaming income. This means that payments can only be made with cost methods that were previously used to high up the betting account. Similar to deposits, withdrawals may also be made quickly and easily.
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The flat taxation treats the companies the identical despite their totally different fashions and cost buildings, which the previous tax regime seems to have taken into consideration. Pambazuka National Lottery, for example, final month suspended its operations and its affiliate sports betting agency SportPesa cancelled its Sh600 million annual funding to various sports activities organisations. We just don’t see how we can probably survive a tax of 35 per cent on gross income.
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