10% taxation on sports betting and lotteries takes effect today
10% taxation on sports betting and lotteries starts today
The Ghana Revenue Authority (GRA) has officially announced the introduction of a 10% tax on all winnings from sports betting and lotteries. This move is part of the government’s strategy to broaden the tax base and enhance domestic revenue generation.
It was confirmed that, this new step will take into effect from August 15, 2023.
Despite, unemployment in the West African Country very high the law-makers have resorted to taxing all sports bettors.
Betting in Ghana seems to have hit all corners of the country, with many youth endulging in it.
Story Kolog Bonaventure