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
-
Dortmund, Leipzig and Stuttgart track Ghanaian teen Edmund Baidoo after Salzburg surge
4 minutes -
Galamsey: Water bodies and lands remain under attack – Abu Jinapor
7 minutes -
‘Order from above’: Trotro operators reply as commuters fume over fare hikes amid gridlock
13 minutes -
US Visa Suspension: Abu Jinapor warns of diplomatic drift as Ghana–US relations face strain
1 hour -
NPP flagbearer race: Bawumia stands tall—Jinapor
1 hour -
Akufo-Addo neutral in NPP flagbearer contest—Abu Jinapor
2 hours -
NPA commends Tema Oil Refinery for swift return to full operation
2 hours -
No 24-hour shift in 2020 – Ghana Publishing clarifies former MD’s claim
2 hours -
Ghana U20 midfielder Hayford Adu-Boahen seals five-year deal with FC Ashdod
2 hours -
Fuel prices set to go down marginally at pumps from January 16
2 hours -
Measured diplomacy, not hot-headed statements, should guide Ghana’s foreign policy – Abu Jinapor
2 hours -
Galamsey fight unsatisfactory – Abu Jinapor slams government
2 hours -
We need to move away from religion and tribal politics – Abu Jinapor
2 hours -
Iran judiciary denies plan to execute detained protester Erfan Soltani
3 hours -
Swiss bar employee who reportedly held sparkler unaware of dangers, family says
3 hours