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E-Levy: GRA gives full list of transfers that will not attract charges

The Ghana Revenue Authority (GRA) has outlined the transactions that will not be affected by the Electronic Transfer Levy (E-Levy) when implemented next month.

According to the Authority, although the tax policy is to broaden the tax net, not all electronic transactions will come with a 1.5% tax rate.

 

 

 

The Head of Compliance, Domestic Tax Revenue Unit at the Ghana Revenue Authority (GRA), Victor Yao Akogo on JoyNews’ The Probe listed them as follows;

 
  • A cumulative transfer of ¢100 made by the same person.
  • A transfer between accounts owned by the same person.
  • Transfers for the payment of taxes, fees and charges on the Ghana.gov platform
  • Electronic clearing of cheques
  • Specified merchant payments (that is, payments to commercial establishments registered with the GRA for income tax and VAT purposes)
  • Transfers between principal, master agent, and agent’s accounts.

For the transfers that will be affected; a Principal Revenue Officer and Head of the Project Management Unit said the Authority, Isaac Kobina Amoako said;

  • Mobile money transfers done between accounts on the same Electronic Money Issuer.
  • Mobile money transfer to a receiver on another Electronic Money Issuer [Interoperability transfer]
  • Transfer from a bank account to [another person’s] mobile money account.
  • From a mobile money account to [another person’s] bank account.
  • Bank transfers on an instant paid digital platform.

Since E-levy was proposed by the Finance Minister, Ken Ofori-Atta when he was presenting the 2022 budget in November 2021, it has generated a lot of controversies in Parliament and amongst the populace.

Source:myinfogh

Disclaimer: All news on this website are copied from other news sources. It is important to check the source to verify news.

umsdigital
Author: umsdigital

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