Parliament Passes Bill to Repeal Controversial Betting Tax, Awaits President's Assent
Accra, Ghana - 26 March, 2025 - Ghana's parliament has taken a significant step towards revising the country's tax policies, passing the Income Tax (Amendment) Bill, which abolishes the contentious betting tax.
The bill, awaiting President John Mahama's assent, marks a major victory for stakeholders in the betting sector and consumers who argued that the tax stifled growth and unfairly burdened a popular leisure activity.
The betting tax had been a focal point of public discontent and industry criticism, with the NDC government and stakeholders claiming it hindered growth in a sector that contributes substantially to the economy.
Parliament's decision to repeal the tax is expected to relieve financial pressure on the industry and promote a more competitive market environment.
This move signals a shift in fiscal priorities, with the government exploring alternative measures to offset potential revenue shortfalls, including enhancing tax compliance and broadening the tax base.
The repeal of the betting tax follows Parliament's recent decision to abolish the Electronic Transfer Levy (E-Levy), aligning with President Mahama's commitment to revising the country's tax policies.
Source: Lead News Online
