E-Levy: GRA Blames Technical Hitches For Wrongful Deductions From Mobile Money Wallets

E-Levy: GRA Blames Technical Hitches For Wrongful Deductions From Mobile Money Wallets

  • The Ghana Revenue Authority has promised to look into reports that the E-Levy was charged for transactions below the legal threshold of GH¢100
  • The Authority has said the money will be refunded to affected customers after an investigation into the reports
  • The GRA blamed the illegal deductions on technical hitches that came with the first day of implementing the controversial new tax

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The nation’s foremost tax collector, the Ghana Revenue Authority (GRA), has blamed reports of wrongful deductions during the first day of the E-Levy implementation on technical hitches.

A man points his phone to a POS device. Source: Facebook/@starrfm
Source: Facebook

GRA’s Project Management Unit Head, Isaac Kobina Amoako, has promised that the issue will be thoroughly investigated and the illegal deductions refunded.

“The first fold is that GH¢100 and below, whether on-net or off-net, does not attract E-Levy irrespective, but at the moment, it’s a technical hitch. So it will be ratified automatically once the transaction is detected,” he told Joy FM.

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There were reports that during the first day of implementing the controversial 1.5% electronic transactions tax, some transactions below the GH¢100 threshold were charged.

Confirming the reports, Mr Amoako said the problem has to do with the configuration of some charging entities.

Since Sunday, May 1, 2022, social media users in Ghana have been bashing the government for going ahead with the controversial tax.

E-Levy: Ghana Revenue Authority Backs Down On Full Implementation From May 1

YEN.com.gh has already report that lack of preparedness has compelled the GRA to backed down on plans to fully implement the tax from May 1.

In a release dated April 28, 2022, to all charging entities, the GRA announced that the operation of the controversial tax will be done on a "modified phased-approach" from the start of May.

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The GRA explained that the decision to modify the approach to charging the 1.5% tax on electronic transactions follows an assessment of the general readiness of the charging entities to integrate with the E-Levy management system.

E-Levy: Tax Analyst Outlines 6 Exemptions In New Law Available To Ghanaians

Meanwhile, while many are worried about the impact of the tax on their incomes, there are six ways to legally minimise the risk of paying the tax and reducing its impact.

YEN.com.gh reached out to a tax expert for some brilliant ideas on how to navigate the choppy waters of the unpopular E-Levy.

These ideas to minimise the risk of paying the tax use exemptions spelled out under the law and transactions that it does not cover.

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Source: YEN.com.gh

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