The Ghana Revenue Authority has outlined plans to tax Sports betting companies and other online platforms starting April this year.
There are 33 Sports betting companies duly registered with the Gaming Commission and 8 legal casinos in the country. These companies are expected to contribute to government’s tax envelop.
The Ghana Revenue Authority (GRA) is currently engaging the Gaming Commission to fashion out the modalities and rate of tax for eventual rollout in April
“There will be vigorous efforts to tax players in the e-commerce market. This sector has been a challenge over the years for the Authority but we have put in place measures that will enable us to make inroads into the sector this year.
“the Authority is having a number of engagements with the Gaming Commission and operators in the gaming and betting industry to ensure that the right taxes are paid by players in the industry,” GRA’s Commissioner-General, Ammishaddai Owusu-Amoah, said at the opening ceremony of the GRA 2022 Management Retreat at the Volta Serene Hotel in Ho.
Mr. Owusu-Amoah said getting players in that space to pay taxes, digitization of the economy, and the proposed E-levy would help the GRA achieve it GH¢ 80.3billion revenue target for 2022.
Mr. Owusu-Amoah added that when the processes are completed, the electronic system of invoicing will replace the manual ways of invoicing and block leakages in the VAT system.
