Starting August 15, 2023, individuals participating in sports betting and other lotteries will be required to pay a 10% withholding tax on their total winnings. The Ghana Revenue Authority has stated that it has implemented necessary measures to ensure full compliance with the newly amended Tax Act, with a goal of generating GHC 1.2 million from lottery activities.

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10 global giants investing in web3 technologies There's a lot of buzz about Metaverse, NFTs, and cryptocurrencies right now, which are strengthening the web3 foundation. The following tech companies are playing a big role in the web3 revolution: ? Meta. Mark Zuckerberg outlined the vision for transforming the social media platform into a completely immersive Metaverse space. The company also invested a lot of money in developing virtual reality headsets for accessing its metaverse. ? Apple. Apple is making progress in transforming itself into an infrastructure layer for web3. The company plans to use smartphones to access cryptocurrency wallets. ? Netflix. Netflix can use web3 to provide a decentralized approach to extending original content. It may also pay royalties to each person associated with the production department of a television series or film. ? Twitter. Twitter has allowed users to select an NFT as their profile picture if they are subscribed to Twitter Blue. ? Amazon. The Amazon Managed Blockchain is a fully managed service that helps in developing and managing scalable blockchain networks. ? Tesla. Tesla has utilized blockchain for tracking cobalt from the mines to the battery through a transparent, decentralized, global, and open setup. ? Shopify. Shopify launched a beta version of its NFT-enabled marketplace with the facility for minting and selling digital collectibles on various blockchain networks. The new marketplace also supported the features for purchasing non-fungible tokens by using cryptocurrencies. ? NVidia. NVidia designs and manufactures hardware for creating and supporting web3 apps. The NVidia Omniverse helps web3 developers in creating new projects in the metaverse. ? Steemit. The decentralized social media and blogging platform runs on the Steem blockchain and features a unique, rewarding system and a native token. ? Sony. Sony has filed many patents for supporting the use of cryptocurrencies for in-game wagering for eSports. The patent application includes support for physical as well as virtual currencies to facilitate in-game betting. As you can see, market leaders believe in the future of web3. This means that now is the time to join the community of innovators and develop in this area. What other big companies investing in web3 have you heard of? #Pi_Network_SD