State goes after betting and gaming services, wants excise duty increased

Treasury CS Prof Njuguna Ndungu and Team outside The National Treasury building. [Samson Wire,Standard]

In a bid to discourage betting and gaming activities, Treasury Cabinet Secretary Njuguna Ndung'u has proposed to increase the rate of excise duty from 7.5 percent to 12.5 percent.

In his inaugural budget speech on Thursday, June 15, the CS urged the National Assembly to enact the proposal that will include price competitions and lottery, adding that the remittance of excise duty should be made within 24 hours after the closure of transaction.