By Ghana Eye Report
Telecommunications companies, AirtelTigo MTN has commenced the implementation of the “no charge” policy by the Ghana Revenue Authority (GRA), a message from the company Thursday confirmed.
According to a message received by various customers of the two telcos observed that the Electronic Transfer Levy, also known as E-Levy, has been abolished and no longer applies to mobile money (MoMo) transactions.
This means customers can undertake MoMo transactions without paying the 1 percent E-Levy charges.
“Y’ello Valued Customer, the 1% Electronic Transfer Levy (E-Levy) has been abolished and no longer applies to your MoMo transactions. Enjoy seamless transfers with no E-Levy charges. Just MoMo it,” said the message from MTN to its customers.
The Ghana Revenue Authority on Wednesday directed all charging entities to proceed with the deployment of the “no charge” configuration on their platforms.
According to the letter signed by Edward Apenteng Gyamerah, Commissioner, Domestic Tax Revenue Division for the Commissioner-General announced that the GRA Electronic Transfer Levy Management and Assurance System (ELMAS) will automatically return a “no charge” on all transactions posted to it by entities from midnight of April 2.
The directive comes after the President of the Republic, John Dramani Mahama, assented to the Electronic Transfer Levy Act, 2022 (Act 1075) and the Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089) bill, or the E-Levy.
“We wish to inform you that the President of the Republic of Ghana has assented to the Electronic Transfer Levy Act, 2022 (Act 1075) and the Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089) bill, which abolishes the 1 percent E-Levy. This is expected to take effect from April 2, 2025,” said the statement.
“In accordance with our previous communication regarding the implementation guideline, this letter serves as a formal authorization to you to proceed with the deployment of the ‘no charge’ configuration on your platforms,” added the letter.
The GRA directed all entities to cease applying the 1 percent E-Levy from midnight on all their channels as well as take immediate steps to process refunds for any E-Levy amounts deducted from customers effective April 2.
The GRA warned that failure to comply with the directive constitutes an offence and sanctions will be imposed as prescribed by law and stressed it will conduct regular checks to ensure compliance.
President Mahama assented to a set of bills that abolish the E-Levy, betting tax, and emissions tax, the presidency announced Wednesday.
The removal of the taxes was a central promise in the John Mahama National Democratic Congress (NDC) manifesto before the 2024 general election. Enditem
Source: Ghana Eye Report
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