Ghana business groups call for removal of lottery and betting taxes
Ghanaian business representatives called on the government to reconsider taxes on lottery and sports betting, according to a report. The Income Tax (Amendment) Bill, enacted on 31 March 2023, reinstated a 10% tax on lottery winnings and introduced a 20% tax on lottery and sports betting companies’ earnings. The report says the Ghana Revenue Authority threatened closure for companies that do not pay.
The taxes and reported closure threat affect lottery and sports betting companies’ liabilities and ability to operate.