Category: Tax
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GRA assures of robust system to keep records on all E-Levy deductions
The Ghana Revenue Authority (GRA) has assured that it has put in place enough systems to track and keep all records of deductions done as part of the implementation of the Electronic Transfer Levy (E-Levy). This follows an order from the Supreme Court charging the GRA to keep accurate records of all e-levy deductions to…
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GRA to address issues associated with E-Levy implementation on Thursday
The Ghana Revenue Authority (GRA) will later this week address questions from multiple stakeholders regarding issues that have come up following the implementation of the Electronic Transfer Levy (E-Levy). That’s according to the Ghana Chamber of Telecommunications. This comes on the back of numerous complaints about alleged unjustified deductions from people’s accounts, along with other…
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Momo Agents Assoc. warns of crisis if education on E-Levy isn’t improved
The Mobile Money Agents Association of Ghana is warning of a crisis if government does not ramp up education on the E-Levy for the general public. Despite attempts by the Finance Ministry, the Ghana Revenue Authority (GRA) and the media at raising awareness about the E-Levy, it appears more needs to be done. Checks by…
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Telcos Chamber wants E-levy law reviewed to exclude salary payments via MoMo
Ahead of the highly anticipated implementation of the Electronic Transfer Levy (E-Levy) from May 2022, the Ghana Chamber of Telecommunications has called for a review of portions of the law to exclude the 1.5% charge on payment of salaries made via mobile money. According to the chamber, per the current law, salaries that are paid…
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We’re working to ensure successful implementation of E-levy – Telcos Chamber
The Ghana Chamber of Telecommunications, says despite the tough demands that come with the reconfiguration of the systems of Electronic Money Issuers (EMI’s) in Ghana, for the implementation of the Electronic transfer Levy (E-Levy), its members are committed to making sure the implementation comes off successfully. The implementation of the E-levy, which is expected to…
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Delay in passing E-Levy likely to affect GHC 6.9 billion target – Ofori-Atta
The Finance Minister Ken Ofori-Atta says it is unlikely that government will be able to achieve the GHC 6.9 billion target set for the Electronic Transfer Levy (E-levy). According to him the many delays and hurdles experienced in parliament before the E-levy bill was passed will affect the ability of the Ghana Revenue Authority (GRA)…
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Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant
Technology Consultant and Digital Lead of Pop Out, Maximus Ametorgoh says consumers in Ghana are likely to pay a little bit more for products purchased on E-commerce platforms as the Ghana Revenue Authority (GRA’s) prepares to introduce a non-resident E-commerce and Digital Service Registration Portal, to help with the taxation of e-commerce platforms operating in…
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Gov’t could struggle later if revenue measures aren’t supported – John Kumah
A Deputy Finance Minister, John Kumah says it may get to a time that government may not be able to fulfil some critical payment obligations if the government’s revenue mobilization measures including the electronic transfer levy are not supported. Although he has debunked claims that government workers may not be paid in the next three…
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Too many tax policy inconsistencies worrying – Tax Analyst
Tax Analyst, Francis Timore Boi has bemoaned the trend of tax policy inconsistencies from the government. According to him, the regular announcement of tax policies followed by a withdrawal of same isn’t good for the government. Since 2017 till date the government has made major U-turns in connection with some key policy proposals, including the…
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Tax analyst urges gov’t to increase minimum taxable income to GH¢500
Tax Analyst, Francis Timore Boi has urged the government to consider increasing the salary amount that is taxed at zero percent to a minimum of GH¢500. Currently, employees who receive GH¢365 and below as monthly salary or ¢4,380 as annual salary do not have their earnings taxed. This follows the amendment (no. 2) of the…