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.
Find more reactions below:
Latest Stories
-
We may all resort to vote buying if electorates prioritise such over development – Asiedu Nketiah
16 mins -
NDF engages mineral extraction communities in advocacy and litigation resolution
20 mins -
Adabraka in community A/R unites to combat electoral violence
28 mins -
Forestry Commission cracks down on endangered bush meat trade
29 mins -
Global GDP could plunge by 24% by 2,100 without urgent climate action
29 mins -
High Court dismisses lecturer’s bid to block Deputy IGP’s appointment
38 mins -
MTN records 35.5% growth in profit to GH¢3.76bn in quarter 3, 2024
1 hour -
Deloitte to hold training on navigating customs and excise duty Obligations
1 hour -
Akufo-Addo, Bawumia should have prioritised National Peace Campaign launch – Mahama
1 hour -
AGI works to clamp down on substandard foreign mattresses penetrating Ghanaian markets
1 hour -
Immigration Service intercepts 54 gallons of fuel
1 hour -
Ace Medical Insurance makes its mark at Ghana Club 100 Awards
1 hour -
Dafeamekpor takes Speaker to High Court to affirm vacant seats ruling
1 hour -
Government is not funding GMX music streaming platform – Director of Marketing
1 hour -
Energy sector not advancing enough – ACEP
2 hours