Wins from lottery games, casinos and marketing promotional raffles will now attract a 10 per cent tax with effect from August 15, 2023. This means that gross winnings from all betting, gaming, lotto and other games of chance will be subjected to a 10 per cent withholding tax which will be considered as a final tax. In addition, the Gross Gaming Revenue (GGR), which is the amount generated from all stakes less the winnings, will also be subjected to 20 per cent withholding tax. The Ghana Revenue Authority (GRA) is hoping to mobilise about GH¢1.2 billion in the initial stages of implementation of the taxation of lottery operators. Revenue mobilisation from the taxes is expected to increase to about GH¢3 billion after the initial stages. The latest development follows the passage of the Income Tax (Amendment) Act, 2023 (Act 1094), which subjects all lottery wins to the withholding tax, to be deducted by the lottery operators and paid to the GRA. In line with the law, the...