Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

GhanaNewsWest Africa

Call For Ghana To Remove Lottery and Sports Betting Tax

There have been various calls to the Ghana government to reconsider or review what has been described as Tormenting Taxes, especially in the lottery and Sports Betting Sector. Ghana Betting Tax

The Ghanaian Parliament enacted the Income Tax (Amendment) Bill on March 31, 2023, and President Akufo-Addo signed it into law. The new income tax law, among other things, reinstated a 10% tax on lottery wins after it had been successfully eliminated in 2017, as well as a new, unacceptable 20% tax on Lottery/Sports Betting Companies’ earnings.

Mr Justice Ayeh Donkor, Coalition of Small Business Owners, sees the existing tax policies and tax structure undermines the growth, performance, and revenues of Private Sector led businesses.

Read More: 30% Revenue Growth in Betting Sector Year 2022/23 KRA

In support, Ghana National Chamber of Commerce and Industry (GNCCI) fathoms the idea of Government tax reliefs in the upcoming 2023 Mid-Year Budget to cushion the suffering and struggling business in the country.

The Ministry of Finance should also get rid of the pointless 20% and 10% taxes that are levied on the revenue of lottery marketing and sports betting companies’ winnings, respectively.

They have been threats by Ghana Revenue Authority (GRA) to close down all lottery and sport betting companies that fail to pay the 20% and 10% taxes on lottery and sports betting and many believe will be confronted by resistance and demonstrations.

In regard to the unemployment rate in the country, the government should not kill these private businesses under the pretext of taxes. Rather impose favorable policies and taxes to support the businesses in these crucial moments.


editor@igamingafrika.com

Check out the latest news here and you are welcome to join our super exclusive iGaming Afrika Telegram Forum for all the latest and breaking news in the African Gambling industry. We would also like to hear from you, Message us on Telegram here or write to editor@igamingafrika.com Ghana Betting Tax

Leave a Reply

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

Back to top button

You cannot copy content of this page

Banner 1
Banner 1

Adblock Detected

Please consider supporting us by disabling your ad blocker