Showbiz
Reduce 10% withholding tax on betting, lottery winnings
Kofi Mole born Edward Kofi Agyemang Amoah, a rapper, has stated that he doesn’t have any problem with the imposition of tax on betting, lottery and game of chance winnings.
Talking to Amansan Krakye about the bill assented to by the president for a 10% withholding tax, Kofi Mole said the percentage should have been dropped a bit.
“I think the point behind the introduction of the 10 percent tax is that every money you make in the country is supposed to be taxed,” he said on Property FM in Cape Coast monitored by MyNewsGh.com
He argued “That’s their point but me I feel like maybe they could have dropped the percentage a little bit or they could have done something about it.
“But the fact that they are taxing those who win bet or lotto in terms of those making money in Ghana I think it’s the right thing,” Kofi Mole justified.
“So I don’t really have a problem with the taxes but if they can drop the percentage a little bit for ghetto boys to feel or enjoy,” he suggested on Property Showbiz.
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