General News

Wrongful deductions from the e-levy must be rectified – GRA to charging entities

When the E-levy is implemented, the Ghana Revenue Authority (GRA) has directed all charging organizations to ensure that any erroneous deductions be reversed.

The contentious electronic levy will go into effect on May 1, 2022, and will affect a variety of platforms.
Money transmitted between multiple mobile money or bank accounts worth more than GHc100 will be subject to a 1.5 percent surcharge.
To that purpose, the GRA has established administrative rules to ensure the E-successful levy’s implementation.

“Following the Ghana Revenue Authority’s assessment of some Charging Entities’ general readiness to integrate with the E-levy Management System, the Commissioner-General has decided on a modified phased approach for the implementation of the e-levy from May 1st,” according to the GRA.

The Authority also urged all charging entities to immediately reverse any erroneous deductions.

Meanwhile, the GHS4.5 billion annual projection for the soon-to-be-implemented e-levy has been revised downwards.

According to the GRA, the lower forecast is attributable to Ghanaians’ anxiety over the fee.
Commissioner-General of GRA, Reverend Dr Ammisshaddai Owusu-Amoah, stated in an interview with the Daily Graphic that the drop to 1.5 percent is also a contributing factor.

According to Dr. Owusu-Amoah, an internal GRA assessment found that electronic transactions will decelerate in the early days of the levy’s adoption before catching up.

He was, however, hopeful that, as individuals were accustomed to the fee, transactions would stabilize in the medium run.

He said that the government’s different exemptions boosted the use of electronic transactions, and he urged the people to consider the ease that digital transactions bring.

 

He also urged citizens to see the levy as one of their small contributions to the nation’s development.

 

Related Articles

Leave a Reply

Check Also
Close
Back to top button
%d bloggers like this:

Adblock Detected

Please consider supporting us by disabling your ad blocker