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Ghana finance minister submits bills to repeal betting winnings tax

Regulation

Ghana’s Finance Minister Cassiel Ato Forson submitted eight bills to Parliament, including a proposal to remove the 10% withholding tax on betting winnings. Parliament referred the bills to its Finance Committee for review before further consideration. Government records cited in the report show the tax collected GH¢80m.

The proposal could change the tax treatment of betting winnings if Parliament approves it.

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Brazil finance minister defends 12% sports betting tax rate

Brazilian Finance Minister Dario Durigan told the Chamber of Deputies’ Finance and Taxation Committee that sports betting tax measures aim to align the treatment of different types of income. He said Congress approved a 12% rate after the government proposed 18%, and put annual tax revenue from registered betting operators at about BRL9 billion.

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