Home Business Ghanaians react to 10% tax on betting and lottery winnings
BusinessSports
Ghanaians react to 10% tax on betting and lottery winnings
By Fiifi Forson- April 6, 2023
Ghanaians are reacting to the government’s introduction of a new tax on betting, games of chance, and lottery prizes.
The tax, which would apply to domestic competitors, will be 10% of all winnings. Betting companies operating in the country would also face a 20% tax on their revenue.
The revelation has received varied emotions from Ghanaians, with some welcoming the decision as a means of generating cash for the government and others criticising it as an additional burden on an already financially taxed populace.
Post a Comment