10% tax on bet wins Archives

18 Apr

Tax On Bet Will Push The Youths To Work Hard To Earn Their Own Money- Korsi Bodja

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Volta Regional organiser for the New Patriotic Party, Korsi Bodja, says the recent tax on bet will be a force for Ghanaian youths to work hard to earn money. Speaking in an interview with Kwaku Dawuro, on Movement In The Morning, on Movement TV/Wontumi radio, Korsi Bodja noted that the introduction of 10% on betting and lottery winnings will motivate Ghanaians especially the youths, to venture into businesses and become industrious, hence earn money from their sweats. He indicated that Government will utilise the tax on developmental projects. According to Korsi Bodja ''We all agree that the recent skyrocketing of…

Concerned Bettors Reject 10% Tax On Wins

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A group calling itself Concerned Bettors of Ghana (CBOG) has rejected the government’s decision to place a 10 per cent tax on all wins. The group in a statement dated April 11, 2023, and signed by its convener Richard Aguda stated that: “We the above-mentioned association vehemently reject the introduction of a new tax on all betting, games and lottery wins.” The group said any further imposition of tax on the already tax-burdened society is a recipe for chaos and a means to find other criminal and dubious ways of survival. Below is the statement: Source: classfmonline.com

Bettors Oppose Newly Introduced 10% Tax On Bet Wins

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Bettors are expressing displeasure at the government’s plan to levy taxes on lottery and sports betting. As part of efforts to raise additional revenue for the country, government slapped taxes on income from lottery, betting and gambling. According to several local bettors, the government’s move is an attempt to prevent them from enjoying their winnings in peace. In an interview with Citi News, they urged the government to reconsider its plans to take a 10% withholding tax from winnings in lotteries, sports betting, and games of chance at the point of payout. “I could lose all my bets in a year…