betting Ghana Leagues Ghana Premier League Latest News

Ghana to impose 10% Tax on Sports Betting and Lottery Winnings starting August 15

The Ghana Revenue Authority (GRA) has formally declared the initiation of a 10% tax on all proceeds from sports betting and lottery wins, slated to come into force starting August 15.

This strategic move aligns with the government’s comprehensive approach to expand the tax framework and amplify the generation of domestic revenue.

This pivotal decision came into the spotlight upon the approval of three novel bills by Parliament in March 2023.

These bills encompass the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill 2022, and the Income Tax Amendment Bill 2022.

With the imminent enforcement date drawing near, the GRA is prompting individuals actively involved in sports betting and lottery ventures to acquaint themselves with this fresh policy shift and ensure full adherence.

While this stride is engineered to invigorate the nation’s monetary inflow, certain Ghanaian devotees of sports have voiced apprehensions about the plausible ramifications of the tax imposition on their triumphant hauls

Leave a comment

Your email address will not be published. Required fields are marked *

You may also like

Ghana Players Abroad Latest News

Match Preview: Asante Kotoko vs Hearts of Oak- A lot expected from ‘Super Clash’ derby despite struggles

It is the Ghana Premier League biggest occasion this weekend at the Baba Yara stadium and Asante Kotoko SC will
ticket shortage for opner
Ghana Leagues Ghana Premier League Latest News

Tickets(pass) shortage for opener

Tickets shortage for the opener news. Radio talk in the Ghanaian capital has been inundated with calls from members