2025 Budget: 10% Betting Tax to be abolished

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2025 Budget: 10% Betting Tax to be abolished - Finance minister affirms

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2025 Budget: 10% Betting Tax to be abolished - Finance minister affirms

//business-finance.news-articles.net/content/202 .. ax-to-be-abolished-finance-minister-affirms.html

Published in Business and Finance on Tuesday, March 11th 2025 at 11:40 GMT by GhanaWeb

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

The controversial withholding tax on all gaming earnings will be abolished by the government, the Minister of Finance, Dr. Cassiel Ato Forson, has announced.

2025-03-11 186 x 110 / 8334 Bytes

The Finance Minister of Ghana, Dr. Mohammed Amin Adam, has confirmed the abolition of the 10% betting tax as part of the 2025 Budget. This decision comes in response to widespread public discontent and legal challenges regarding the tax, which was initially introduced to broaden the tax base and generate additional revenue. The minister emphasized that the government is committed to addressing the concerns of the youth and other stakeholders, aiming to foster a more inclusive and fair taxation system. This move is expected to alleviate the financial burden on bettors and potentially encourage more participation in the betting industry.

Read the Full GhanaWeb Article at:
[ https://www.ghanaweb.com/GhanaHomePage/business/2025-Budget-10-Betting-Tax-to-be-abolished-Finance-minister-affirms-1974957 ]