As part of efforts to raise additional revenue for the country, government slapped taxes on income from lottery, betting and gambling. The government would take 10 percent tax on sport bet wins upon cashout.
It is against this backdrop which a lots of Ghanaians has reacted and questioned the moral right of government to take 10 percent of earnings won from sport betting.
According to some bettors, the government has failed to provide jobs for the youth and as a means of catering for their basic needs, some sports enthusiasts have taken to sport betting to raise revenue to cater for their needs.
Parliament passed three new tax measures during an extended sitting on Friday, March 31, 2023.
The three new taxes are the Excise Duty Amendment Bill 2022, the Growth Andy Sustainability Levy Bill, 2022, and the Income Tax Amendment Bill 2022.
The bills were presented to Parliament as part of government’s plans to raise about GH¢4 billion annually in domestic revenue mobilisation.
They are also crucial to help secure Board Approval for the US$3 billion International Monetary Fund (IMF) Programme after a staff-level agreement was reached late last year.
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credit: Pulse Ghana