What do you know about the 

The Electronic Transaction Levy, Popularly known as the E-Levy is a Tax that is set to be applied on monetary transactions made on all electronic platforms in Ghana.  The Parliament of Ghana passed the Electronic Levy, often known as the E-levy, on March 29th, 2022. 

What do you know about the E-Levy?

With this, Electronic transactions such as mobile money transfers, bank to bank transfers, bank to mobile money transfers, and online payment transactions with payment platforms such as Visa Card, Master Card, and PayPal, among others, are subject to a 1.5 percent tax in Ghana.

What are some of the Transactions the E-Levy will Cover? What are the transactions the E-Levy will not cover?

Light Yellow Arrow

List of Transactions the E-Levy Tax will Cover 1. Transfers of mobile money between accounts with the same electronic money issuer (EMI) 2. Mobile money transfers from one EMI account to a recipient on a different EMI 3. Transfers between bank and mobile money accounts 4. Transfers between mobile money and bank accounts 5. Bank transfers from one person’s bank account to another person’s bank account using a digital platform or application.

List of Transactions the E-levy Charges will not cover 2022 1. Transfers of GHC100 done by the same person on a daily basis. 2. Transfers from one person’s account to another 3. Transfers to the Ghana.gov portal for the payment of taxes, fees, and charges Cheques are cleared electronically. 4. Payments to specific merchants (that is, payments to commercial establishments registered with the GRA for income tax and VAT purposes) 5. Transfers between the accounts of the principal, master agent, and agent

What are the E-Levy Charges on Mobile Money?

Arrow

How To Avoid Paying E-Levy Charges in Ghana

Read this and more on Everydaynewsgh.com