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.
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.
