Business News of Monday, 10 June 2024
Source: thebftonline.com
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.