GRA will begin taxing lottery winnings at a rate of 10% in January 2024.

Spread the love
Prev1 of 3
Use your ← → (arrow) keys to browse

Lottery players and operators have received notice from the Ghana Revenue Authority (GRA) that as of January 2024, a 10% withholding on all gross winnings will be in place.

GRA will begin taxing lottery winnings at a rate of 10% in January 2024.
GRA will begin taxing lottery winnings at a rate of 10% in January 2024.

Recall that GRA formally imposed a 10% withholding tax on all wagers, games, and lottery winnings in August.

 

This came about as a result of the government’s decision to change the Tax Act and add withholding tax to gains from lotteries and sports betting.

The National Lottery Authority (NLA) and Private Lotto Operators (PLOs) were given a six-month extension, which is scheduled to expire in December, in spite of the 10% withholding tax being implemented, according to a statement from the Commissioner General of the GRA.

Tune in and enjoy FLY FM GH

Next Post

Ambassador for tourism Afua Asantewaa

Sat Dec 30 , 2023
Spread the loveTweetAfua Asantewaa has received the esteemed title of Tourism Ambassador as a remarkable acknowledgement of her efforts to promote Ghanaian culture and arts. The appointment is evidence of Asantewaa’s commitment to promoting Ghana’s colourful customs and rich history both domestically and internationally. The woman of the moment, Afua […]
Ambassador for Tourism, Afua Asantewaa