Gov’t to review E-Levy – Finance Minster hints

To ensure tax compliance, the government has hinted at plans to revise the electronic transfer levy (E-levy).

All electronic payments, including bank transfers and mobile money transfers, are subject to the e-levy, which levies a 1.5 percent fee.

The administration claims that, notwithstanding the levy’s good results for the first and second quarters of the year, the tax net needs to be expanded in order to improve domestic revenue mobilization.

Gov’t to review E-Levy – Finance Minster hints

This was disclosed by Finance Minister Ken Ofori-Atta last week during a press conference on the economy.

“The Ghana Revenue Authority has intensified its efforts to shore up domestic revenue, particularly in relation to the enforcement of compliance measures. The increased visibility of GRA officials at various commercial establishments and at borders across the country is in pursuit of meeting our objectives.”

“We are also looking at areas around the E-Levy to ensure its efficient implementation.”

In line with this the Ghana Revenue Authority (GRA) is also conducting a survey on the levy.

Akosua Boatemaa

I'm Yours Truly, Blogger Akosua Boatemaa. I'm here to feed Your eyes and Ears with Authentic News Updates.

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