In a public notice released yesterday, the Ghana Revenue Authority (GRA) has informed the general public, particularly lotto patrons and operators, about the commencement of the implementation of a 10% withholding tax on the gross winnings from all lotteries, including lotto, betting, gaming, and other games of chance.
The Income Tax (Amendment) Act, 2023 (Act 1094) introduced this Withholding Tax, which has been in effect since its implementation.
However, the National Lottery Authority (NLA) and Private Lotto Operators (PLOS) were granted a six-month extension to prepare and implement the tax. This extension is set to expire at the end of December 2023.
Therefore, the GRA has mandated the NLA and PLOs to commence the implementation of the 10% Withholding Tax on Lotto Gross Winnings from January 1, 2024.
The GRA emphasized that compliance with the tax law is mandatory, and failure to do so is considered an offence under Section 78 of the Revenue Administration Act, 2016 (Act 915). Sanctions will be applied to operators who do not adhere to the stipulated tax regulations.
Patrons, players, punters, operators, and tax consultants are urged to take note of this directive.
The GRA has provided contact details for assistance: patrons/players/punters can reach GRA toll-free on 0800-100-110 or via WhatsApp on 055 299 0000 / 020 063 1664. Operators can contact the GRA Gaming Support Team at [email protected].
Background
The Ghana Revenue Authority (GRA) began implementing a 10% withholding tax on all gross gaming winnings on August 15, 2023.
The tax is charged on profits earned after each win, replacing the existing 15% Value Added Tax (VAT) rate on each stake. The GRA explained that the new policy aligns with an amendment to the Income Tax Act 2023 (No.2), Act 1094.
The Commissioner for the Domestic Tax Revenue Division at the GRA, Edward Gyamerah clarified that gaming companies failing to comply with the new policy would face sanctions, including the withdrawal of their licenses.
Source: graphic.com.gh
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Hmmmm, you will tax Ghanaians and give the money to so called politicians to squander while the people continue to be denied basic infrastructure to live meaningful and dignified lives. In a certain community in Afram Plains , due to lack of a delivery bed in the CHPS compound, a nurse was compelled to deliver a mother of her baby in a tricycle on their way to the next health facility. Question then is, what did this poor woman queued up to vote for? Common delivery bed, government can't provide, what matters is V8, exgratia, per diem and questionable allowances . In the district where this CHPS compound is located, they have MP, DCE, Minister all of who claim they are representing the people only to end up representing nobody but themselves.