NRA Engages Betting Companies to Strengthen Regulatory Compliance

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“Our goal is to collaborate with industry stakeholders to ensure full compliance with the provisions of the Finance Acts,” he stated, emphasizing the importance of aligning business practices with regulatory standards. The NRA emphasized its commitment to ensuring that all operators in the betting sector adhere to tax obligations, including Pay As You Earn (PAYE), Withholding Taxes, Goods and Services Tax (GST), and Excise Tax on Gaming and Betting. A key directive was the requirement for betting companies to integrate their systems with the NRA to enhance transparency and enable thorough audits of their operations.

  • With our convenient online platform, there’s no need to search for your preferred products and brands across towns and cities – everything you need is just a click away.
  • Speaking during the engagement, Mr. James B. Tengbeh, Acting Commissioner of the Domestic Tax Department, highlighted the government’s focus on fostering a fair and accountable betting environment.
  • Get ready to elevate your shopping experience and indulge in the world of Ubuy, where all your favorite brands and desirable products are at your fingertips.
  • At Ubuy, we pride ourselves on being a genuine, reliable, and trustworthy online store.
  • We regularly update our inventory with the latest offerings and provide exclusive discounts to help you save money on your purchases.

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We regularly update our inventory with the latest offerings and provide exclusive discounts to help you save money on your purchases. With our convenient online platform, there’s no need to search for your preferred products and brands across towns and cities – everything you need is just a click away. We offer a curated selection of international brands and genuine quality global products, ensuring you have access to the best that the world has to offer. The National Revenue Authority (NRA) held a strategic meeting with representatives from leading betting companies on Friday, 24th January 2025, to reinforce compliance within Sierra Leone’s rapidly expanding betting industry. Deputy Commissioner of Domestic Tax, Mr. Edwin Conteh, underscored the heightened scrutiny on the sector, warning that non-compliant companies would face penalties as stipulated in the Finance Act 2025. At Ubuy, we pride ourselves on being a genuine, reliable, and trustworthy online store.

  • Speaking during the engagement, Mr. James B. Tengbeh, Acting Commissioner of the Domestic Tax Department, highlighted the government’s focus on fostering a fair and accountable betting environment.
  • Get ready to elevate your shopping experience and indulge in the world of Ubuy, where all your favorite brands and desirable products are at your fingertips.
  • We regularly update our inventory with the latest offerings and provide exclusive discounts to help you save money on your purchases.
  • At Ubuy, we pride ourselves on being a genuine, reliable, and trustworthy online store.
  • Representatives from major betting firms, including Mercury International, Global Online Betting, Elephant Bet SL Ltd., Grand Casino, and Cheng Xing, actively participated in the discussions.

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With over 100 million products and brands from the international market, we provide a diverse range of options to cater to every requirement. Our user-friendly platform allows you to effortlessly explore our selection and find exclusive Mercury Group products that may not be readily available elsewhere. Speaking during the engagement, Mr. James B. Tengbeh, Acting Commissioner of the Domestic Tax Department, highlighted the government’s focus on fostering a fair and accountable betting environment.

  • We offer a curated selection of international brands and genuine quality global products, ensuring you have access to the best that the world has to offer.
  • They shared challenges encountered in meeting compliance requirements, creating an opportunity for the NRA to clarify legal provisions and provide guidance on best practices.
  • Its products include the 5/90 lottery, sports betting, online betting, Zone, Rapids, and Virtual Rapid games.
  • The NRA emphasized its commitment to ensuring that all operators in the betting sector adhere to tax obligations, including Pay As You Earn (PAYE), Withholding Taxes, Goods and Services Tax (GST), and Excise Tax on Gaming and Betting.
  • “Our goal is to collaborate with industry stakeholders to ensure full compliance with the provisions of the Finance Acts,” he stated, emphasizing the importance of aligning business practices with regulatory standards.
  • Ms. Martina B. Egbenda, Director of Legal and Corporate Services, reminded attendees of their obligation to adhere to legal provisions for data sharing, further reinforcing the need for transparency in the industry.
  • A key directive was the requirement for betting companies to integrate their systems with the NRA to enhance transparency and enable thorough audits of their operations.

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  • The discussions focused on provisions outlined in the Finance Acts of 2024 and 2025, which govern taxation and the regulation of betting activities.
  • With over 100 million products and brands from the international market, we provide a diverse range of options to cater to every requirement.
  • One of which won over Le500 million, the highest winning on a single ticket from Mercury International.
  • They shared challenges encountered in meeting compliance requirements, creating an opportunity for the NRA to clarify legal provisions and provide guidance on best practices.
  • Its products include the 5/90 lottery, sports betting, online betting, Zone, Rapids, and Virtual Rapid games.

Its products include the 5/90 lottery, sports betting, online betting, Zone, Rapids, and Virtual Rapid games. Ms. Martina B. Egbenda, Director of Legal and Corporate Services, reminded attendees of their obligation to adhere to legal provisions for data sharing, further reinforcing the need for transparency in the industry. The discussions focused on provisions outlined in the Finance Acts of 2024 and 2025, which govern taxation and the regulation of betting activities. Just get them online from Ubuy Sierra Leone, which offers a huge range of Mercury Group products at discount prices in Sierra Leone. Get ready to elevate your shopping experience and indulge in the world of Ubuy, where all https://mercurybet.org/ your favorite brands and desirable products are at your fingertips. From December 2021 to January this year, the betting company paid over Le1 billion to several customers.

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  • Ms. Martina B. Egbenda, Director of Legal and Corporate Services, reminded attendees of their obligation to adhere to legal provisions for data sharing, further reinforcing the need for transparency in the industry.
  • The discussions focused on provisions outlined in the Finance Acts of 2024 and 2025, which govern taxation and the regulation of betting activities.
  • They shared challenges encountered in meeting compliance requirements, creating an opportunity for the NRA to clarify legal provisions and provide guidance on best practices.
  • Its products include the 5/90 lottery, sports betting, online betting, Zone, Rapids, and Virtual Rapid games.
  • The NRA emphasized its commitment to ensuring that all operators in the betting sector adhere to tax obligations, including Pay As You Earn (PAYE), Withholding Taxes, Goods and Services Tax (GST), and Excise Tax on Gaming and Betting.

One of which won over Le500 million, the highest winning on a single ticket from Mercury International. On Monday, May 23, 2022, a Sierra Leonean man won 91 Million Leones from Mercury International sports bet.

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Representatives from major betting firms, including Mercury International, Global Online Betting, Elephant Bet SL Ltd., Grand Casino, and Cheng Xing, actively participated in the discussions. They shared challenges encountered in meeting compliance requirements, creating an opportunity for the NRA to clarify legal provisions and provide guidance on best practices. Ubuy is the perfect place to discover unique and popular global products from Mercury Group.

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