E-levy to be reviewed: GRA to tax merchant account

Maaconewsupdate  



Maaconewsupdate has been reliably informed that, going forward, government has plans to review E-levy. The recent post by a leading government official in the person of Gabby Otchere-Darko in his Twitter handle on government inability to accumulate the estimated revenues from e-levy since its inception and introduction in May 1, this year.

Gabby's post on the e-levy generated a nationwide conversation on all the various media platforms as well as social media platforms. Some called for review while others also called for cancellation of the levy.

Maaconewsupdate has confidently say that these and many more will be some of the areas that the government want to look at as far as the e-levy review is concerned.

First and foremost, Government and Ghana Revenue Authority (GRA) will consider taxing merchant account of mobile money agents. Also a consideration will be placed on taxing deposits mobile money users put in their personal wallet and finally, taxing withdrawals (cash-out) that mobile money users do.

It must be stated that the E-levy on mobile money transactions is on only transfers done by users which exceed Ghc100.00 daily and government and GRA intend to include charges on withdrawals (cash-out), deposits (cash-in) and tax merchant account used by the mobile money agents.

This decision by government has caused alarm by the Mobile Money Agents Association of Ghana to warn government to re-consider its decision since this can totally cause the collapse of mobile money business in Ghana.

According to Evans Otumfour who is the secretary of the Mobile Money Agents Association of Ghana, " already the introduction of the E-levy on mobile money transactions on transfers alone is a big albatross on the business and if government adds taxing merchant account, then sooner that later, the mobile money business will collapse entirely in the country".

As a mobile money agent or user, do you agree with government and GRA intention to review E-levy as explained above?

All your comments are highly welcome.

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