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Finance Minister Dr. Cassiel Ato Forson has dismissed claims that the erstwhile NPP government did not implement the 10% withholding tax on betting winnings. On Tuesday, Dr. Forson named the 10% withholding tax among a list of taxes to be abolished by government in the 2025 budget statement. Shortly after the budget reading, Dr. Mohammed […]
Former Finance Minister Mohammed Amin Adam has refuted claims that his administration implemented the controversial betting tax. According to the NPP MP, the tax was never enforced. His comments come after Finance Minister Dr. Cassiel Ato Forson presented the 2025 Budget Statement and Economic Policy, in which he announced the abolition of several taxes, including […]
In a bold address, Finance Minister Dr. Cassiel Ato Forson highlighted the government’s commitment to reforming the tax landscape in Ghana during the upcoming 2025 budget reading. The Minister proudly declared that the administration has successfully delivered on multiple promises aimed at enhancing the lives of Ghanaians and promoting economic efficiency. Key commitments that will […]
President Mahama’s pledge to scrap the Betting Tax during the 2024 general election campaign was met with mixed reactions from some stakeholders. However, this message was well received by the youth, many of whom are involved in sports betting, knowing this move would mean the 10% deduction on their winnings will be scrapped. Despite warnings […]
Gamblers playing in Kigali, Rwanda, the government has increased the tax on Gross Gambling Revenue (GGR) from 13% to 40%. In a move aimed at promoting responsible gambling, the government has increased the tax on Gross Gambling Revenue (GGR) from 13% to 40%, Minister of Finance and Economic Planning Yusuf Murangwa said in a presser […]
Ghana Minister of Sports and Recreation, Kofi Adams, has reiterated the government’s commitment to establishing a sports fund by raising revenue from taxes. He explained that his administration will oversee the introduction of a sports lottery, which will be one of the avenues for the government to raise income to support the project. The Member […]
The Institute of Community Sustainability has urged the incoming Mahama government to increase the betting tax to 50% to curb the alarming rise in betting activities among the youth. In a statement signed by the Executive Director, Eric Jerry Aidoo, the Institute argued that betting poses a significant threat to the well-being of young people. […]
Nigeria has commenced the deduction of a N50 electronic levy on transactions of N10,000 and above. The levy, officially known as the Electronic Money Transfer Levy (EMTL), was introduced under the Finance Act 2020. Policy Details The EMTL applies as a one-off charge of N50 on the recipient of any electronic receipt or transfer of […]
Emerald Bay Zambia Limited (T/A Betway), the leading sports betting and gaming brand in Zambia has secured the 2023 Most Compliant Taxpayer in Lusaka Province. This was announced at the 2024 Taxpayer’s Day hosted by the Zambia Revenue Authority at Taj Pamodzi Hotel in Lusaka on Thursday 12th September 2024. Speaking at the event, ZRA […]
Uganda Finance Minister Matia Kasaija has announced that tax proceeds from gaming and betting will be used to develop the country’s sports infrastructure in preparation for hosting the 2027 Africa Cup of Nations (Afcon). The government expects to collect at least Shs300 billion from lotteries and gaming in the 2024/25 financial year, with funds earmarked […]
