{"id":443345,"date":"2017-12-03T20:11:11","date_gmt":"2017-12-03T20:11:11","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/12\/03\/government-scraps-lotto-taxes-by-7-5\/"},"modified":"2017-12-03T20:11:11","modified_gmt":"2017-12-03T20:11:11","slug":"government-scraps-lotto-taxes-by-7-5","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/12\/03\/government-scraps-lotto-taxes-by-7-5\/","title":{"rendered":"Government scraps lotto taxes by 7.5%"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Sunday,  3 December 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>ghanacrusader.com<\/p>\n<p>2017-12-03<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/09\/45503910.295.jpg\" alt=\"LOTTOKIOSK5\" title=\"LOTTOKIOSK5\" width=\"295\" height=\"190\" \/><span class=\"image_caption\"><span>Lotto Kiosk<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125817929577\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125817929577\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/1512331871_498_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">Government has successfully abolished the 7.5 per cent tax on the 20 per cent commission being charged lotto operators under the National Lottery Authority (NLA).<\/p>\n<p>Mr Kofi Osei Ameyaw, the Director-General of the NLA, made this known to the media in an encounter,<br \/>&#13;<br \/>\nHe said in addition to the 7.5 per cent tax on the commission, the five per cent withholding tax on lotto wins had also been abolished.<\/p>\n<p>Mr Ameyaw, upon assumption of office in March this year, pledged to get government to remove the aforesaid taxes in order to create a level playing field for lotto stakers in the country.<\/p>\n<p>He said the taxes were abolished in the 2018 \u2018Adwuma\u2019 Budget presented to Parliament recently by the Finance Minister, Mr Ken Ofori-Atta.<\/p>\n<p>Mr Ameyaw said removing the taxes became unnecessary after the Authority realised that many of its operators were moving to the camp of illegal lottery operators known as banker-to-banker because of the imposition of huge taxes.<\/p>\n<p>The illegal lottery operators, he said; \u201cpreviously had the advantage of a tax free regime and so those who were selling lotteries for the country, having to bear the brunt of 7.5 per cent were shifting to the illegal activities.\u201d<\/p>\n<p>He said because of the taxes, many of the lotto stakers were moving into the illegal business, which reduced the number of NLA lotto stakers.<\/p>\n<p>\u201cSimilarly, those who were afraid of paying taxes on their wins and, for that matter, headed towards the illegal lottery business where they do not pay any withholding tax on the wins are now free to come and stake with the Government, which means we have opened the system to all those who were doing business undercover or \u2018under the table\u2019 to come out openly and do business with government and NLA,\u201d he said.<\/p>\n<p>\u201cThe number of lottery stakers for NLA has dwindled because they don\u2019t want to pay any taxes so by removing them, it is going to bring more people and don\u2019t forget that when they don\u2019t win all the revenue comes to government,\u201d Mr Ameyaw said.<\/p>\n<p>He said: \u201cSo what we need to measure is the amount of revenue that we will collect when they don\u2019t win compared to money that is going to illegal operations, which doesn\u2019t come to government.\u201d<\/p>\n<p>Mr Frimpong, addressing the media on the sidelines of the meeting, thanked President Nana Addo Dankwa Akufo-Addo for abolishing the taxes, which he said were only causing undue hardship for operators in the sector.<\/p>\n<p><!-- uploaded by: 26 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Sunday, 3 December 2017 Source: ghanacrusader.com 2017-12-03 Lotto Kiosk Government has successfully abolished the 7.5 per cent tax on the 20 per cent commission being charged lotto operators under the National Lottery Authority (NLA). Mr Kofi Osei Ameyaw, the Director-General of the NLA, made this known to the media in an encounter,&#13; [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":413314,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-443345","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government scraps lotto taxes by 7.5% - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/12\/03\/government-scraps-lotto-taxes-by-7-5\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Government scraps lotto taxes by 7.5% - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Sunday, 3 December 2017 Source: ghanacrusader.com 2017-12-03 Lotto Kiosk Government has successfully abolished the 7.5 per cent tax on the 20 per cent commission being charged lotto operators under the National Lottery Authority (NLA). 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