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
-
NPA pushes back on proposals to scrap Fuel Price Floor Policy
3 minutes -
Nigerian imam honoured for saving Christian lives dies aged 90
1 hour -
What a seventh term for 81-year-old leader means for Uganda
1 hour -
AFCON: ‘Shameful’ and ‘terrible look’ – the chaos that marred Senegal’s triumph
1 hour -
Rashford scores but Barca lose to 10-man Sociedad
2 hours -
Diaz will ‘have nightmares’ over ‘Panenka’ failure
2 hours -
Tragic death of Chimamanda Adichie’s young son pushes Nigeria to act on health sector failings
2 hours -
‘I want to show the world what Africa is’: YouTube star brings joy and tears on tour
2 hours -
‘An ambassador for African football’ – Mane is Senegal’s Afcon hero
2 hours -
‘Europe won’t be blackmailed,’ Danish PM says in wake of Trump Greenland threats
4 hours -
Three admit £70m tree planting pension fraud in UK
5 hours -
How crypto criminals stole $700m from people – often using age-old tricks
5 hours -
Construction emissions pose rising climate risk, Scientists Say
5 hours -
At least 21 killed in Spain after crash involving high-speed trains
5 hours -
EU weighs response to Trump’s tariff threat over Greenland
5 hours