Betting and lottery winnings to be hit by 10% tax, govt announces

Betting and lottery winnings to be hit by 10% tax, govt announces

Qwami Hero
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The Public authority of Ghana is proposing a 10 percent charge on all rewards from sports wagering.This suggests that when a punter wins a bet, he must give the government ten percent and keep the other ninety percent.

Likewise, the wagering organizations will be burdened on the entirety of their incomes and will be ordered to pay a 20 percent demand on their returns.

The Ghana Revenue Authority reported the following information:tax withholding from winnings from games of chance, the lottery, and betting.Wagering, lottery, and shot in the dark rewards will currently be dependent upon a 10% portion charge at the mark of payout.

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