Ghanaian Punters Worried Over New Tax On Sports Betting
Some Ghanaian sports fans are expressing mixed reactions after government’s decision to introduce taxes on lotteries and sports betting.
On March 31, Parliament approved three bills on taxes — Income Tax Amendment Bill, Excise Duty Amendment Bill, and the Growth and Sustainability Amendment Bill—which were tabled before it as part of government’s measures to generate more revenue.
Government is expecting that the implementation of these bills will aid it in generating the revenue needed to secure the IMF deal, as well as improve the revenue situation of the country.
The components include a 10% withholding tax at the point of payout deduction from winnings from lotteries, sports betting, and games of chance.
Ahead of the Presidential assent, worried punters have taken to social media to vent over the potential impact on their earnings.
Some have described the bill as inconsiderate.
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