How to Avoid Paying the 20% Betting tax on Winnings in Kenya

copy a professional trader

All betting sites in Kenya will be paying 20% tax on winnings, it’s hard to avoid as long as you are a registered gambler with a Kenyan company. But there are several tricks you can use to avoid paying or lower the impact of the tax.

  1. Register with a betting company which do not charge the 20% tax.

It’s a law that every betting company registered by BCLB should charge the 20% tax but there are few betting companies which used to operate in Kenya but are not charging the tax, one is 1XBET.Though the company’s paybill was closed, one can still deposit money using skrill, paypal or bank account. Once you have joined, you can request a code which you will use to activate your account, then place your bets as you do with other betting companies. Click here to register

  1. Avoid single bets

Single bets will result to massive losses. This is how the 20% tax will affect your winnings:

Assuming you have a capital of Ksh100 and place a single bet of 1.50 odds and win, your total winnings are Ksh 150.Deduct 20% tax from Ksh 150, you’ll remain with Ksh 120, which is less Ksh30.But if you combine 2 matches to boost the odds to at least 2, you will earn more than twice the principal amount.

Multibets is the best option when you don’t want to feel the tax.The only problem with multibets is that the chances of losing are high.

  1. Subscribe to a reliable betting tips website.

Another trick to employ is to subscribe to a reliable betting tips site.This is because winning daily alone is not easy when multibets are involved, you need someone to guide you.Even if you are an expert, you may find it difficult to win daily but when you pay for the sure tips, you can pick one or two games,then combine with a few from your side and place a bet.You can even treat our tips as multibet 1,then yours as multibet 2 and bet them separately, whichever wins will yield a profit.

Venas News is the most reliable betting tips site in Kenya.We offer multibet predictions at a cost of Ksh 1,000 per month.In addition, we provide Sportpesa,Shabiki and Betika jackpots.To pay for the tips,here are the steps to follow:

  • Go to MPESA
  • Select Lipa Na MPESA
  • Select Buy Goods and Services
  • Enter MPESA till number (705909)
  • Enter amount (Ksh1,000)
  • Enter MPESA pin and send

We send multibets of 5 -50 odds per day through SMS.The winning rate is 4-6 days a week.

  1. Look for a betting site that does not charge withdrawal fee

While most betting sites charge withdrawal fee, there are few which charge zero shillings on withdrawals, one of the sites is 1XBET.The zero withdrawal fees will cover the 20% tax you will be charged.

  1. Bet for jackpots

When it comes to jackpots, there is no way you will be hit by the 20% tax. Though the charges stand, even if the tax is affected you will still walk home with substantial amount of money.

One of the jackpots to participate on is Sportpesa.The cash prize might go up to Ksh 300 million which mean the 20% tax will go with Ksh 60 million if you win the tax.Ksh 240 million is still a lot of money.

  1. Go for international betting sites like Bet365

If you have a skrill account, paypal or you can deposit via your bank account, Bet365 is one of the best betting sites to join if you don’t want to be affected by the tax.

Read our partner’s news on copy trading cryptocurrency blog