Close Menu
    Trending
    • “We are going to start serious demolition exercise in selected communities at Tema on Monday”- Greater Accra regional minister
    • Baba Yara Sports Stadium isn't fit to host even colts football – Yaw Ampofo Ankrah
    • President Mahama condemns recent attack on Journalist, vows severe sanctions
    • Total financial sector assets grew by 34% to GH₵525.59bn in 2024; banks accounted for 76%
    • Road minister vows to retrieve $30m from foreign contractor for no work done
    • Tottenham boss Thomas Frank praises Mohammed Kudus after Arsenal victory
    • 6 ways your emotional attachment style shows up in the bedroom
    • GIPC gears up for upcoming Africa Singapore Business Forum 2025
    zamzamupdate.com/ News on the GO
    • Home
    • Ghana News
    • News Updates
    • Sports
    • Business
    • Politics
    • Entertainment
    zamzamupdate.com/ News on the GO
    Home»Business»‘All deducted E-Levy must be refunded immediately’ – GRA warns charging entities
    Business

    ‘All deducted E-Levy must be refunded immediately’ – GRA warns charging entities

    ZamZam UpdateBy ZamZam UpdateApril 2, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The Ghana Income Authority (GRA) has ordered all monetary establishments, cellular cash operators, and different charging entities to instantly refund any E-Levy deductions made on transactions from April 2, 2025, onward.

    The directive follows the official abolition of the controversial 1% Digital Switch Levy (E-Levy) after President John Mahama assented to the Digital Switch Levy Act, 2022 (Act 1075) and its modification, Act 1089.

    The E-Levy, which had been a serious level of rivalry since its introduction, is now formally scrapped.

    However whereas Ghanaians have a good time the removing of the tax, the GRA is making it clear: any wrongful deductions have to be refunded instantly—or face the implications.

    The GRA’s directive is agency: any establishment that fails to course of refunds promptly will face sanctions.

    The regulatory physique has instructed all charging entities to stop making use of the 1% E-Levy cost instantly on all digital transactions, expedite refunds for any deductions constructed from April 2, 2025 and submit stories of all refunds processed to the GRA for accountability.

    In a press release, Edward Apenteng Gyamerah, Commissioner of the Home Tax Income Division, warned that compliance checks could be carried out frequently to make sure that no establishment tries to carry onto unlawfully deducted funds.

    “Failure to adjust to these directives constitutes an offence, and sanctions can be imposed as prescribed by legislation,” he cautioned.

    To stop additional deductions, the GRA Digital Switch Levy Administration and Assurance System (ELMAS) has been reconfigured to robotically return a “no cost” response on all transactions.

    Which means that from April 2, 2025, no E-Levy needs to be deducted on any cellular cash, financial institution switch, or different digital transactions.

    Whereas clients are entitled to instant refunds for wrongful deductions, the GRA additionally reminded charging entities that they have to settle all excellent E-Levy funds for transactions carried out earlier than April 2.

    To make sure full compliance, the GRA has warned of extreme penalties for any charging entity that fails to comply with the directives. Establishments are additionally required to take care of digital switch information for not less than six years as per Part 27(3) of the Income Administration Act, 2016 (Act 915).

    They’re to proceed posting digital transactions to ELMAS till additional discover and likewise adhere to strict reporting tips set by the GRA.

    With the abolition of the E-Levy now in full impact, any delay in processing refunds won’t be tolerated.

    The GRA has arrange an E-Levy Technical Help Staff to help with compliance, nevertheless it has made it clear: there can be no excuses.

    The Authority encourages anybody who notices wrongful deductions to instantly report the problem to their service supplier and demand a refund.

    “Any failure to refund deducted funds needs to be reported on to the GRA,” it added.

    DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.



    Source link
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous Article ….but Minority Leader raises concern
    Next Article W/R: Court convicts man for assaulting journalists
    ZamZam Update
    • Website

    Related Posts

    Business

    Total financial sector assets grew by 34% to GH₵525.59bn in 2024; banks accounted for 76%

    August 2, 2025
    Business

    GIPC gears up for upcoming Africa Singapore Business Forum 2025

    August 2, 2025
    Business

    Banking industry remained robust in 2024; Cost-to-income ratio fell to 79.1%  – Report

    August 2, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Top 15 transfer rumours of summer 2025

    June 11, 2025

    Breaking: Ghana Police arrest 2 more suspects in connection with Kotoko fan’s death

    February 6, 2025

    I’ll reveal things that would land Despite and me in trouble with FBI – Shatta Wale warns

    June 20, 2025

    These 6 schools will allow you to study abroad and bring your family along

    July 8, 2025

    US Tennis star Katrina Adams launches “Own The Arena” book in Accra

    June 23, 2025
    Categories
    • Business
    • Entertainment
    • Ghana News
    • News Updates
    • Politics
    • Sports
    Most Popular

    “We are going to start serious demolition exercise in selected communities at Tema on Monday”- Greater Accra regional minister

    August 2, 2025

    GBA Bartenders Masterclass returns to redefine mixology in Ghana

    February 2, 2025

    Breaking News: Unknown person stabbed Asante Kotoko diehard supporter Pooley to death

    February 2, 2025
    Our Picks

    Mahama shakes up EOCO, Raymond Archer becomes new acting boss, Dapilah reassigned

    April 23, 2025

    BoG cuts interest rate on short-term bills by some significant margin to 13%

    July 23, 2025

    Telecel Ghana honoured with National Safety Award for Corporate Excellence

    July 15, 2025
    Categories
    • Business
    • Entertainment
    • Ghana News
    • News Updates
    • Politics
    • Sports
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Zamzamupdate.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.