Ghana Imposes 17.5 Percent Betting Tax?

Betting tax will benefit development of the country

The Ghana Revenue Authority (GRA) has reportedly introduced a 17.5 percent tax on betting companies and patrons saying given the rise in popularity of the pastime, taxes collected would benefit the development of the country.
Revenue officer for the Tamale district, Erasmus Ayenor Tei, said at a bookkeeping and tax workshop held in Bolgatanga that the GRA had reviewed its tax laws to include betting, GhanaWeb reports.
Betting companies have been instructed to deduct a 17.5 percent VAT charge on winnings which in turn would be turned over to the GRA.
Ayenor advised betting companies to keep up-to-date records and ensure it explained in detail the newly imposed tax to their bettors.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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