Ghana Has Imposed a 10% Tax On Betting And Lottery Winnings Effective From Tuesday.

Ghana has imposed a 10% tax on betting and lottery winnings effective from Tuesday.

The Ghana Revenue Authority (GRA) says the new withholding tax on all betting, games and lottery wins will be deducted at the point of pay-out.

According to the GRA, in situations where a game is cancelled and the player’s stake is returned or the value of the pay-out is less or equal to the amount staked, withholding tax will not apply.

Lottery operators have been directed to make changes to their software for easy tracking by the revenue authority.

The new tax has been widely criticized by young Ghanaians who say betting and lottery winnings serve as alternative income sources for the unemployed.

Share

LAGOS TALKS

91.3 FM

Lagos Talks on 91.3 FM, is a radio station, operating the TALK Format. It is focused on creating and encouraging conversations about issues that affect all residents of Lagos. The conversations will be moderated by seasoned qualified professionals and subject matter experts, to ensure that all viewpoints are articulated, and all sides of the discussion are heard.