News

E-levy has failed – John Gatsi calls on gov’t to cancel it

His responses follow a considerable decrease in the Ministry of Finance’s prediction of E-levy revenue predicted in 2022.

The Ministry reports that instead of the $1.6 billion that was first anticipated, the government is now expecting GH611 million.

When he delivered the mid-year budget review to Parliament, Finance Minister Ken Ofori-Atta made this statement.

Value Added Tax (VAT) revenue expectations have been increased from the initial estimate of GH14,534,864,446 to GH15,402,925,770.

The E-levy should be eliminated, according to Professor John Gatsi.

Speaking on TV3, he claimed that the fee is onerous and harmful to both participation in the system of cashless transactions and economic activity.

In order to allow people to participate in a cashless economy, the failure tax should be rejected, he continued. “When you look at the cost to this country, in terms of the actual amount of money being spent on infrastructure to roll out the implementation of the tax, and again the cost of people not participating in the benefits of the digitalization and, for that matter, cashless transactions regime, you can come to that conclusion.

Related Articles

Leave a Reply

Back to top button
%d bloggers like this:

Adblock Detected

Please consider supporting us by disabling your ad blocker