The Ghana Income Authority (GRA) has instructed telecommunications firms and different entities to refund all monies deducted from prospects as Electronic Transfer Levy (E-Levy) on 2nd April 2025.
This directive follows the official repeal of the tax, after President John Mahama assented to the Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089), which abolishes the 1% E-Levy.
In a proper communication issued after the President’s determination, the GRA urged all charging entities to implement a “no charge” configuration throughout all platforms.
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The authority outlined the next pointers for the elimination of the controversial tax:
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The GRA Digital Switch Levy Administration and Assurance System (ELMAS) will robotically apply a “no cost” coverage to all transactions submitted by entities from midnight.
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Charging entities should stop making use of the 1% E-Levy from midnight throughout all their channels.
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Charging entities should instantly course of refunds for any E-Levy deductions constituted of prospects on 2nd April 2025. They’re required to ascertain an expedited refund course of, keep correct documentation of all refunds, and submit reviews to the GRA.
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Charging entities should be sure that all excellent E-Levy quantities charged and picked up on transactions earlier than 2nd April 2025 are duly filed and paid.
The Digital Switch Levy (E-Levy) was launched in Could 2022 underneath the Digital Switch Levy Act, 2022 (Act 1075) and later amended by Act 1089.
The coverage imposed a 1% levy on digital transfers, together with transactions through banks and cell cash suppliers.
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It was meant to broaden the tax base and increase nationwide income however confronted widespread opposition and finally failed to fulfill its projected income targets.
