Illegal betting: tax authorities called to the rescue
The Finance Bill 2025 tackles online betting. From next year onwards, winnings made on foreign platforms will be subject to a 30% withholding tax. The aim of this measure is to stem the bleeding of the country’s foreign exchange reserves, while promoting domestic gambling. But is this measure sufficient? An amendment proposed by the majority...
The Finance Bill 2025 tackles online betting. From next year onwards, winnings made on foreign platforms will be subject to a 30% withholding tax. The aim of this measure is to stem the bleeding of the country’s foreign exchange reserves, while promoting domestic gambling. But is this measure sufficient? An amendment proposed by the majority...
