The Head of Compliance, Domestic Tax Revenue Unit at the Ghana Revenue Authority (GRA) has made some clarifications about the yet-to-be-implemented Electronic Transfer Levy (E-Levy).
According to Victor Yao Akogo, electronic transfers between accounts owned by the same person will not be subjected to the 1.5 per cent tax of the newly introduced levy.
He, however, said there is a condition to this exemption.
Speaking on JoyNews’ The Probe on Sunday, Mr Akogo said citizens must ensure all their accounts have been linked to the National Identification Card (GhanaCard).
“We have a unique identifier which is the GhanaCard and that is what we are going to use.
“So there is the need to let your GhanaCard be linked to all your accounts so that it will be the unique identifier of you everywhere so that you can enjoy the exemption,” he stated.
Following the passage of the Electronic Transfer Law, the GRA has indicated its readiness to implement it from May 1.
Latest Stories
-
I’m poised to enhance education delivery in my constituency – Gizella Tetteh
13 minutes -
Almost 300 million people worldwide abused substances in 2022 – NACOC
14 minutes -
CSOs must undergo ‘productivity revolution’ to survive new financing landscape – Dr Nii Moi Thompson
16 minutes -
School for Life engages Parliamentary Committee on allocation of resources to rural primary schools
21 minutes -
Parliament champions human rights protection, UPR implementation
22 minutes -
2 CSOs call for withdrawal of PURC’s July tariff adjustment over transparency concerns
23 minutes -
Explainer: Why PURC raised electricity tariffs despite falling indicators
55 minutes -
Ghanaians urged to acknowledge God’s goodness through National Day of Prayer
57 minutes -
Vice President calls for people-powered financing to redefine Ghana’s development path
1 hour -
Court fines two fish mongers for receiving stolen tilapia
1 hour -
Ho Central MP, Edem Kpotosu advises 2025 BECE Candidates against social vices
1 hour -
Minister inaugurates three transport sector governing boards
1 hour -
‘Loyalty alone won’t cut it’ – Asiedu Nketia declares competence comes first in NDC appointments
2 hours -
Tourism Minister Launches Seventeenth edition of PANAFEST and Emancipation Day in Accra
2 hours -
Don’t force political parties to sponsor MMDCEs – Asiedu Nketia warns
2 hours