E-Levy: Full list Of Transfers That Will Not Attract Charges

The Ghana Revenue Authority (GRA) has identified the transactions that would not be affected by the new tax policy as Ghanaians prepare for the implementation of the Electronic Transfer Levy (E-Levy) next month.

E-Levy: Full list Of Transfers That Will Not Attract Charges

Despite the Authority’s aim of broadening the tax net, not all electronic transactions will be subject to the 1.5 percent tax rate. On JoyNews’ The Probe, the Head of Compliance, Domestic Tax Revenue Unit at the Ghana Revenue Authority (GRA), Victor Yao Akogo, identified them as follows:

READ ALSO:  BREAKING News: Akufo-Addo Officially Releases New Ministers, Deputy Ministers
  • 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;

READ ALSO:  “I Met My Husband Through Online Dating” – Gospel Musician, Celestine Donkor
  • 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.

Add a Comment

Your email address will not be published. Required fields are marked *