Ghanaians and sports betting maniacs have expressed disappointment, reacting to an impending 10% withholding tax at the point of payout deduction from sports betting winnings
The tax components which forms part of government’s effort to raise more revenue will be paid by individuals thus a 10% deduction from winnings from lotteries, sports betting, and games of chance.
Parliament on March 31, 2023 presented three tax bills which were approved following the public outcry.
The taxes include Income Tax Amendment Bill, Excise Duty Amendment Bill, and the Growth and Sustainability Amendment Bill.
Ghanaians Reaction to Impending 10% Tax on Sports Betting
I personally think the 10% withholding tax on betting wins is too small. If we want Ghana to get on the same level as the UK and USA we should be willing to sacrifice for the greater good. Next time they should make it 25%. My humble opinion please done insult me I don’t win bet pic.twitter.com/HNdFzrmH2M
— KALYJAY (@gyaigyimii) April 6, 2023
If you do not want to pay the E-Levy & the 10% Tax on Betting to a President who has squandered over GHS 20 million renting luxurious jets,vote for
John Mahama in 2024. pic.twitter.com/TwaSjdW1rm— With All Due Respect (@cdzas) April 6, 2023
Sarkodie is yet to say something about the 10% Tax on Betting, does he really think about his fans which Majority are investors? This NPP Man smh💔 pic.twitter.com/bS0wmy9cWY
— Twilight (@the_marcoli_boy) April 6, 2023
Finance minister after passing the 10% betting tax 😂 pic.twitter.com/sUeCirZVzf
— Ampem Darko 🇬🇭🇬🇧 (@YDL_99ideas) April 6, 2023
