Audio By Carbonatix
The Ghana Revenue Authority (GRA) has notified sporting and lottery companies of the 10% tax on all winnings from sports betting and lotteries set to kick in effective August 15.
This forms part of the government's efforts to expand the tax base and increase domestic revenue.
It first came to light when Parliament passed three new bills on March 2023.
They were the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill, 2022, and the Income Tax Amendment Bill 2022.
Five months down the line, the GRA is alerting individuals who partake in these gaming activities to be conscious of this new policy and do as expected.
Meanwhile, some Ghanaian sports fans are worried about the decision and its potential impact on their earnings.
Latest Stories
-
At least 30 feared dead in crush at Haitian tourist site
3 hours -
Four arrested over murder of Scottish businessman in Kenya
3 hours -
New Mainoo deal closer, says Man Utd boss Carrick
3 hours -
Sinner beats Alcaraz to return to world top spot
3 hours -
An inappropriate joke nearly ended his career. Now he’s back with more humour
3 hours -
GPL 2025/26: Dreams FC stage stunning comeback to hammer Eleven Wonders
4 hours -
Livestream: The Probe examines Kumasi’s looming water crisis
4 hours -
MTN Ghana gears up to lead Africa’s AI revolution
4 hours -
Philanthropist Alhaji FuZak donates Da’wah bus to Ambariya Sunni community
5 hours -
GUTA calls for suspension of Publican AI system over trade disruptions
5 hours -
TTAG raises alarm over proposed recruitment of 7,000 teachers, demands national posting roadmap
5 hours -
Civilians feared killed after reports of air strike on Nigerian market
5 hours -
Bishop Simon Kofi Appiah installed as new Jasikan Diocese Bishop
5 hours -
Trump’s Strait of Hormuz blockade threat raises risks and leaves predicaments unchanged
5 hours -
US Court backs extradition of former MASLOC CEO Sedina Tamakloe-Attionu to Ghana
6 hours