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Added: 4 months 1 week ago
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Sports betting companies question increased taxes
In the new tax measures approved for the financial year 2017/18, government has shifted part of the tax burden from sports betting companies onto the gamblers.

In the new tax measures approved for the financial year 2017/18, government has shifted part of the tax burden from sports betting companies onto the gamblers.

In what is a clear move by government to dissuade youth from gambling, betting companies will only be liable to a 20% tax on income and the gamblers will be subjected to a 15% tax on their purse.