The Grenadian Government has enforced a 15 per cent tax on all games of chance winnings above EC$10,000.

The amendment to the Income Tax Act of 2010 which provides for the tax to be levied was approved in 2014 by the then-Keith Mitchell administration but was never enforced.

According to the legislation, “a withholding tax of 15 per cent will only be charged on the excess over EC$10,000 and not the full winnings,” explained Permanent Secretary in Grenada’s Ministry of Finance Mike Sylvester.

The law will apply to all games of chance, including lottery and bingo, The Jamaica Gleaner reports.

Payment of the tax to the Government will not be the duty of the winner but the promoter of the game of chance who must make the deduction and pass it on to Grenada’s Ministry of Finance.

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