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Just In: Sports Betting And Lottery Winnings To Be Subjected To 10% Tax

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Information gathered by ghlatest.net indicates the government of Ghana is set to implement a 10% tax on earnings from lotteries, sports bettings and games of chance winnings at the point of payout.

In line with the state’s efforts to expand the tax base and heighten domestic revenue, gamblers have been informed to get ready 10% on their earnings withheld as tax, only if the President assents to a new bill yet to passed by Parliament.

In a recent Tweet sighted by ghlatest.net, it was stated clearly that there will a new 10% tax on winnings from betting slips and it will be deducted before payout.

Persons interested in gambling, games of chances of winning and sports betting are hereby advised to take note before the bill is passed into law to avoid having issues with betting companies when the law is passed.

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