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Business News of Monday, 10 June 2024

    

Source: thebftonline.com

EU condemns tax on lottery wins

Ghana currently imposed a 10% tax on lottery winnings Ghana currently imposed a 10% tax on lottery winnings

The European Lotteries, represented by Phillipe Vlaemminck, have criticized governments for taxing lottery winnings and the gaming industry, arguing it already benefits society.

Speaking at a training program by Ghana's National Lottery Authority (NLA), Vlaemminck noted that taxing small wins is unnecessary, as many regions do not tax lottery winnings.

Ghana has currently imposed a 10% tax on lottery winnings and a 20% tax on Gross Gaming Revenue.

NLA's Director-General, Sammi Awuku, stressed the importance of responsible gaming and combating illegal lottery operations, emphasizing collaboration with European Lotteries and the use of technology in the industry.

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