Sports betting

10% Betting Tax Charitable, It Should Have Been More – Kennedy Agyapong
17 Aug

10% Betting Tax Charitable, It Should Have Been More – Kennedy Agyapong

wontumionlineSports,
In the midst of public outcry over the government’s recent introduction of a 10% withholding tax on betting, games, and lottery wins, New Patriotic Party (NPP) flagbearer hopeful Kennedy Agyapong stands firmly in support of the new taxation policy. The controversial decision came into effect on August 15, 2023, prompting heated discussions across the nation. The move has been particularly unpopular among Ghana’s youth, many of whom engage in sports betting as a source of entertainment and, in some cases, income. While many have criticised the tax, Agyapong argues that it is reasonable, citing the example of the United States where substantial taxation…
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Sports Betting And Lottery Winnings To Be Subjected To 10% Tax
06 Apr

Sports Betting And Lottery Winnings To Be Subjected To 10% Tax

wontumionlineNews, ,
The government of Ghana is due to implement a 10% tax on earnings from lotteries, games of chance winnings and sports betting at the point of payout. As part of the government's efforts to expand the tax base and increase domestic tax revenue, gamblers should be ready to have 10% of their earnings withheld as tax should the president assent to a newly passed bill by Parliament. Multimedia Sports Journalist Fentuo Tahiri Fentuo explained the specifics of the aforementioned taxes, stating that they will be deducted from each individual's winnings prior to payout. “In case you missed it by the way,…
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