"We will scrap betting tax and e-levy in 2025 budget" - Finance Minister

The finance minister has declared that the government intends to eliminate the betting tax and the electronic transaction levy (e-levy) as part of the 2025 budget. This decision comes in response to widespread concerns from the public and various stakeholders who have criticized these taxes for placing financial burdens on citizens and businesses. The removal of these levies is expected to provide relief, particularly for those engaged in online transactions and the betting industry, while also potentially stimulating economic activity and digital financial inclusion.

By scrapping these taxes, the government aims to create a more favorable economic environment, encouraging financial transactions without additional charges and fostering growth in the digital economy. The decision aligns with ongoing discussions on tax reforms, focusing on balancing revenue generation with policies that support economic participation. While some may question how the government will offset potential revenue losses, the move is likely to be welcomed by many who see these levies as a hindrance to financial growth and accessibility.