Government has introduced a bill in parliament to remove taxes on lotto winnings in the country.
This follows proposals by the National Lottery Authority (NLA) to the
Ministry of Finance for the scrapping of taxes paid by lotto agents as a
way of
attracting more mainstream operators.
The Mahama administration imposed a five percent tax on all lotto
winnings exceeding GHS2,592, following a re-classification of lotto as
an investment activity.
A Deputy Minister of Finance, Kwaku Kwarteng on Wednesday, 29 November
2017 laid the Value Added Tax (Amendment) (N0.2) Bill, 2017 on the floor
of Parliament to remove the tax.
Apart from the lotto bill, other bills including the National Fiscal
Stabilisation (Amendment) Bill, 2017, Special Import Levy (Amendment)
(No.2) Bill, 2017 and Standard for Automatic Exchange of Financial
Account Information Bill, 2017 were also laid.
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