Sunday 15 December, 2019

No tax deductions just yet for Play Whe, Lotto winners

The National Lotteries Control Board (NLCB) said it must reimburse players as legislation implementing a tax on winnings has not yet been proclaimed.

In a statement issued August 2, the Board said it developed technical resources for the new tax which came onstream before the law was proclaimed by the President.

"In preparation for the implementation of Finance Act No. 15 of 2017, the NLCB employed the technical resources to develop, test and launch the required process for the collection of the new tax.

"Section 9(a) of the Act states that the application of the tax to earnings in excess of one thousand dollars 'comes into operation on such day as is fixed by the President by Proclamation'.

'While the lottery winnings tax was provided for in Act No. 15 of 2017, the date for the operationalisation of the tas has not yet been proclaimed...in short, the technology came onstream before the proclamation."

"In light of the fact that the date for operationalisation of the new tax has not yet been proclaimed, the NLCB will revert to its regular operations on the payout of winnings until further notice. 

"The NLCB will also refund all tax deducted for the period July 30 to August 4 (the period during which the tax will be automatically deducted from all winnings over $1,000)," the Board said. 

The NLCB said winners would be further guided as to the refund process in due course. 

 

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