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
-
Divorce or bad marriage?
54 seconds -
Your comment left much to be desired – GBA condemns CJ’s remarks on SOEs
8 minutes -
Billionaire Dangote launches oil refinery ‘people’s IPO’, Africa’s biggest
12 minutes -
Richard Dogbe declares bid for NDC Greater Accra Deputy Youth Organiser
24 minutes -
M.anifest questions toxic fan culture amid fresh music industry tensions
25 minutes -
469 farmers paid compensation as Accra-Kumasi Expressway clearance progresses
28 minutes -
Malaysian boy acquitted for murder of schoolgirl on grounds of insanity
36 minutes -
Arabic, Chinese teaching debate should end after Mahama’s clarification – Asah-Asante
37 minutes -
Ashanti Regional Minister halts 24-Hour Market project in Mankranso over school demolition concerns
39 minutes -
The Forgotten “Little Children”
46 minutes -
Zambians warned not to eat dead wildlife after anthrax kills dozens of animals
49 minutes -
AG urges GBA to remain the conscience of Ghanaian society
1 hour -
24-Hour Economy: Minority questions demolition of schools, markets and other public assets
1 hour -
China criticises idea it is in ‘malicious competition’ over AI
1 hour -
Russia hits Ukrainian train shortly after Boris Johnson and top European officials leave station
1 hour