The Ghana Revenue Authority (GRA) has debunked misleading reports on social media that imply that from 1st July 2022, the GRA will begin charging E-Levy on merchant SIMs.
The misleading reports also suggest that Cash-Ins or deposits made through a merchant or vendor will attract E-Levy.
The GRA in a press statement stressed that “the Levy does not apply to Specified Merchant Payments. It added that Specified Merchant Payments are payments made to merchants through a payment service to a person registered with the GRA for the purposes of Income Tax or Value Added Tax (VAT). Customers making payments to such specified merchants will NOT be charged the E-Levy”.
According to the GRA, the E-Levy does not apply to Cash-Outs or cash withdrawals and Cash-Ins or cash deposits either at the bank or at a mobile money agent or vendor point.
The GRA in a statement explained that that Cash-Ins or deposits do not attract E-Levy hence customers are NOT to pay any amount as E-Levy.
“The general public should note that E-Levy is NOT charged on merchant SIMs, as is being purported. The E-Levy is only charged on a transfer from a customer to a Specified Merchant if the merchant is NOT registered with GRA for Income Tax or VAT purposes,” a statement said.
Latest Stories
-
Let’s prioritize research quality in higher education institutions for industrial growth-Prof. Nathaniel Boso
1 hour -
Herman Suede is set to release ‘How Dare You’ on April 24
5 hours -
Heal KATH: Kuapa Kokoo, Association of Garages donate 120k to support project
5 hours -
KNUST signs MOU with Valco Trust Fund, Bekwai Municipal Hospital to build student hostel
5 hours -
The influence Ronaldo has on people, Cadman Yamoah will have same on the next generation – Coach Goodwin
6 hours -
Gender Advocate Emelia Naa Ayeley Aryee Wins prestigious Merck Foundation Awards
7 hours -
South Africa bursary scandal suspects granted bail
7 hours -
Ecobank successfully repays $500m Eurobond due April 18
7 hours -
Re: Doe Adjaho, Torgbui Samlafo IV, call for Unity among Paramountcies in Anlo
7 hours -
Extortion and kidnap – a deadly journey across Mexico into the US
7 hours -
Rihanna says fashion has helped her personal ‘rediscovery’ after having children
8 hours -
Development Bank Ghana targets GH¢1bn funding for commercial banks in 2024
8 hours -
Shatta Movement apologises to Ghana Society of the Physically Disabled after backlash
9 hours -
Sammy Gyamfi writes: Tema-Mpakadan Railway Project; A railway line to nowhere
9 hours -
Bright Simons: Is the World Bank saving or harming Ghana?
9 hours