Ahead of the highly anticipated implementation of the Electronic transfer Levy (E-Levy) from May this year, the Ghana Chamber of Telecommunications, has called for a review of the application of the levy on salaries sent via mobile money as well as other discriminatory aspects of the levy.
The levy is a 1.5 percent tax on electronic transfers that include but is not limited to, mobile money transfers done between accounts on the same network, mobile money transfers from an account on one network to a recipient on another network, transfers from bank accounts to mobile money accounts, and transfers from mobile money accounts to bank accounts.
The charge will apply to electronic transfers that are more than GH¢100 on a daily basis.
“Some of the challenges we have seen with the law as has been passed, which we hope to take up, are a few discriminatory elements within what’s happening. For example if your salary is paid from a bank account it won’t attract the E-Levy, but if you are paid with mobile money, then it will attract the E-Levy. That definitely is not equitable and is discriminatory.”
“We hope that going forward, such issues will be addressed. We know that one of the elements of a good tax is that it should not be discriminatory especially due to the channels that one uses. All of these are things we will be working on with government to ensure that the unintended consequences do not come and derail government’s own digitalization agenda that it’s put up,” he added.
Source: citibusinessnews.com