By Ghana Eye Report
The Ghana Revenue Authority (GRA) has directed all charging entities to proceed with the deployment of the ‘no charge’ configuration on their platforms, according to a letter released here late Wednesday.
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 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.
It asked charging entities to establish an expedited refund process to handle such cases promptly and maintain proper documentation of all refunds processed.
The revenue authority further directed charging entities to take the necessary steps to file and pay all outstanding E-Levy charged and collected on all transactions that occurred before April 2, 2025 and continue to post all electronic transfer transactions to ELMAS until further directives were provided.
It also asked charging entities to maintain electronic transfer records for at least six years as stipulated in Section 27(3) of the Revenue Administration Act, 2016 (Act 915).
The GRA warned that failure to comply with the directive constitutes an offense and sanctions will be imposed as prescribed by law and stressed it will conduct regular checks to ensure compliance.
President Mahama assenting 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 prior to the 2024 general election.
The government emphasized that the rationale behind removing the levy is to ease the cost of living and encourage business expansion to create more job opportunities for the teeming unemployed youth across the country. Enditem
Source: Ghana Eye Report
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