The Ghana Revenue Authority (GRA) has announced plans to charge 10% withholding tax on gross wins from patrons of sports betting and other lotteries effective 15 August.
The tax collector says it has instituted necessary measures to ensure full compliance to the new amended Tax Act.
Sharing the news on Facebook on Tuesday (8 August), GRA said the charge does not include amount invested in staking or playing the games.
“Please note effective 15th August, all winnings in Gaming, Betting, Lottery and Games of Chance attract 10% Withholding Tax. This does not include the amount invested in staking or playing the games, “the GRA said.
NLA exempted
Whereas wins from private lotto operators are affected by the tax, wins in the 5/90 game by the National Lotteries Authority (NLA) and its partners are exempted from the tax. This is because of the contribution of NLA to national development.
Meanwhile, as always, the private lotto operators are up in arms against the tax and are seeking to also be exempted like NLA.
