GRA Prepares for E-Levy Implementation Ahead of Parliamentary Approval

 

 

The Ghana Revenue Authority (GRA) seems to be preparing the grounds for the implementation of the yet-to-be-approved Electronic Transfer Levy (E-Levy).

The tax proposal which is currently in Parliament will see the government deduct 1.75% tax on some electronic financial transactions by citizens.

The E-Levy has been the bone of contention since government presented its 2022 Budget statement to the House last year.

 

A letter from the GRA is directing partners such as the ARB Apex Bank to trigger processes awaiting the passage of the controversial bill.

 

The letter signed by Commissioner-General Ammishaddai Owusu-Amoah explained that “While we await the passage of the bill, I wish to inform you to hold yourself in readiness for the implementation of the By in three (3) phases as soon as the Bill is passed into Law.

 

The January 31 statement further revealed that the execution will be undertaken in three phases.

This is to enable the GRA to adequately factor the new tax into its revenue collection regime.

The Authority added that it is “currently developing a monitoring platform for the full implementation of the e-levy and would be inviting you to collaborate with its Technical Team in this respect.”

 

 

 

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