Athletes relieved as State ends double taxation on awards

Summary:

• Athletes in Kenya will no longer be double-taxed on prize money, as the government and Kenya Revenue Authority have reached an agreement. The move aims to support athletes and promote Kenya’s heritage at the Paris Olympics, with an emphasis on designing a culturally reflective kit.

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Athletes can now breathe a sigh of relief as the government and Kenya Revenue Authority (KRA) have reached an agreement to eliminate double taxation on prize money.

Ababu Namwamba, the Sports Cabinet Secretary, announced that the ministry has brokered a deal to ensure that local athletes who triumph in international competitions will no longer face double taxation.

Namwamba revealed this development during the unveiling of the management committee for Team Kenya at the Paris Olympic Games, held at Talanta Plaza on Tuesday.

This initiative aims to protect Kenya’s top ambassadors in the sports arena, ensuring that excessive taxes do not diminish their hard-earned rewards.

“Our Ministry is committed to upholding principles of fairness and equity, acknowledging the dedication and sacrifices made by athletes,” explained the CS.

This initiative is in line with the Ministry’s Talanta Hela objective of nurturing talent.

“This underscores the government’s dedication to realizing the Talanta Hela vision, which not only celebrates talent but also transforms it into tangible financial value, empowering athletes to reach their full potential and contribute to Kenya’s sporting heritage,” he stated.

The CS stressed the importance of inclusivity, transparency, and openness in all investments made for the Paris Olympics project.

Emphasizing the significance of showcasing Kenya’s heritage and promoting the nation, Namwamba highlighted the necessity for a kit that reflects Kenya’s diverse culture while remaining stylish.

“The Games serve as a platform to showcase the best of Kenya’s heritage as we promote and market our nation. Therefore, it’s imperative to design a kit that embodies Kenya’s rich diversity while also being fashion-forward,” added the CS.

Team Kenya will don ceremonial attire designed by Kenyan artisans.

Francis Mutuku, Secretary General of the National Olympics Committee of Kenya, stated, “We are committed to creating the finest kit, and we welcome public consultation and engagement throughout the process.”

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