The Government of Ghana is proposing a 10 percent withholding duty on
all winnings from sports betting, lottery and game of chance. This suggests
that whenever a punter wins a bet, he's obliged to pay 10 percent of that to
the government and only keep the other 90 percent.
Staking
Also, the laying companies will be tested on all their
earnings and will be commanded to pay a 20 percent tax on their proceeds.
The news as bear by the Ghana Revenue Authority reads
Withholding duty on winnings from betting, lottery, and games of chance.
Betting, lottery, and game of chance winnings will now be subject to a 10% withholding
duty at the point of payout. formerly, the current government has introduced
several numerous taxes being Call, COVID , Increased Value Added Tax, COVID ,
and NHIL Tax, amongst numerous others.
Away from that, the government has taken
Ghana to the IMF, espoused in surpluses of GH ¢ 160Bn, and introduced haircuts
and Domestic debt exchange programs. numerous believe the multitudinous levies
are rather suffocating Ghanaians and stifling growth considering that there are
generally no jobs, the minimal pay envelope has not bettered and the levies
don't directly affect the lives of the populace.
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