E-Levy, what is ? Here is what we know

What is the E-Levy?

The E-Levy is a Levy on all electronic transfers of money apart from those excluded by law.


What is the rate of the E-Levy?

The rate is 1.5%


Why has Government decided to levy electronic transfers?

To enhance domestic tax mobilisation and expand the tax base.
To provide an opportunity for everyone to contribute towards national development.


Who is responsible for charging the E-Levy?

The entities responsible for charging the Levy are;

  1. Mobile Money providers like MTN Momo, Vodafone Cash, AirtelTigo Money, Zeepay, GCB G-Money and Yup Ghana, etc.
  2. Payment Service Providers (PSPs). They include eTranzact, JuniPay, Korba,  Nsano etc.
  3. Banks like Consolidated Bank Ghana (CBG), Agricultural Development Bank (ADB), etc.
  4. Specialised Deposit-Taking Institutions (SDIs) such as rural and community banks and savings and loans companies, finance houses etc.
  5. Other Financial Institutions prescribed by Regulations.


When will the E-Levy be charged?

The Ghana Revenue Authority (GRA) will collect and account for the Levy


Who will be collecting the E-Levy?

The Ghana Revenue Authority (GRA) will collect and account for the Levy

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Mckourage

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