John Mahama has promised to review the 10% bet tax if he wins the 2024 general elections. Mahama said this while engaging the youth at Techiman T
John Mahama has promised to review the 10% bet tax if he wins the 2024 general elections.
Mahama said this while engaging the youth at Techiman Timber Market and the Techiman Magazine as part of his “Building Ghana Tour” in the Bono East region.
“I’ve heard so many of the youth talk about sports betting. It is not just about taxes on betting, when we come to government we will look at the number of taxes imposed by the current government,” Mahama stated.
On August 15, 2023, the Ghana Revenue Authority officially implemented a 10% withholding tax on all betting, games, and lottery wins.
This followed the government’s decision to amend the Tax Act, therefore, introducing withholding tax on winnings from sports betting and lottery.