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The government’s decision to introduce a Sports Levy to finance national sports development has sparked widespread public criticism. Many Ghanaians are questioning the move — especially since it comes just months after the betting tax was abolished. Announced by Minister for Sports and Recreation Kofi Adams on Tuesday, October 7, 2025, the proposed levy will […]
The South African Revenue Service (SARS) has launched a targeted crackdown on crypto tax payers who fail to declare income from cryptocurrency investments and trades. According to Wiehann Olivier, Partner and FinTech & Digital Assets Lead at advisory firm Mazars, SARS has formed a specialized team to investigate under-declared income linked to digital assets such […]
The Gaming Board of Tanzania (GBT) has announced a significant increase in tax revenue from gaming activities, rising from TZS 131.99 billion in the 2020/21 financial year to TZS 260.21 billion in 2024/25. This marks a remarkable 97 percent increase. The announcement was made today in Dar es Salaam by GBT’s Director of Services, Mr. […]
Ethiopia, a country with a rich and diverse history, has recently passed a landmark bill on gaming tax. This move positions Ethiopia as a potential leader in Africa’s gaming industry. However, challenges remain, particularly laws that restrict foreign ownership of gaming companies within the country. Under the Lottery Regulation No. 172/2012, Ethiopian gaming companies are subject […]
As Rwanda strengthens its tax regime on gambling to address economic and social concerns, a recently passed income tax bill has ignited debate: national lottery operators will not be subject to a gambling tariff. This decision has raised questions among lawmakers, with some arguing that the distinction between gambling (risking money for potential winnings) and […]
The Law Society of Kenya (LSK) and audit firm KPMG East Africa are among entities that have opposed a clause in the Finance Bill 2025, which seeks to grant the Kenya Revenue Authority automatic access to trade secrets and personal data. In a separate objection, Ernst & Young Public Accountants and CDH Law Firm rejected […]
The Mozambique government forecasts £6 million (€7 million) in gambling tax revenue for 2025, marking a 29% rise compared to 2024. This estimate is part of the proposed Economic and Social Plan and State Budget (PESOE) for the year, recently approved by the ruling party, Frelimo, and opposition party, Podemos. Despite setting a £14.6 million […]
The Democratic Alliance (DA) has welcomed the reversal of the 0.5 percent VAT increase, which was meant to take effect next Thursday. National Treasury earlier this morning announced the reversal of the controversial VAT hike following extensive consultations with political parties. National Treasury says that by not increasing VAT, the estimated revenue shortfall will be […]
The Ministry of Finance of Uganda has proposed a series of tax amendments aimed at boosting nascent businesses, streamlining corporate restructuring, and formalizing the economy, according to a recently published analysis. The seven amendment bills, tabled ahead of the new financial year starting in July, outline the government’s strategy for revenue collection and expenditure. A […]
MTN Uganda is not only connecting millions of people to voice, data, and digital financial services but also delivering strong returns to its investors. In 2024, the company posted one of its best all-round financial performances yet, solidifying its position as a dependable, high-yield investment for both institutional and retail shareholders. From a growing dividend […]
