The E-Levy is a Levy on all electronic transfers of money apart from those excluded by law.
The rate is 1.5%
The entities responsible for charging the Levy are;
When a person makes a transfer, the charging entity will add the Levy to the transfer amount and charge the person’s wallet or bank account.
The Ghana Revenue Authority (GRA) will collect and account for the Levy.
The following transfers fall under the E_Levy:
The following transfers are excluded from the Levy:
No, once the payment is a specialised merchant payment (refer to 8v) or one made through a government designated system (refer to 8iii), the transfer amount will not attract the Levy.
No, remittances are excluded from the Levy.
No, as long as the POS transaction is a payment to a commercial establishment registered with the GRA for income tax or VAT purposes, The Levy will not apply.
No, both Cash-in and Cash – out are not subject to the E-Levy.
Transfers from the school’s corporate mobile money merchant wallet to teachers and casual workers via mobile money will attract the Levy.
However, the school is allowed to claim the levy as an allowable expense in its income statement.
No, mobile money wallet balances will not attract the Levy. The Levy applies only when there is an electronic transfer from your mobile money wallet.