More clarity on what and what electronic transaction is not going to attract tax \u2013 the e-levy, which will soon kick in are gradually being made to calm nerves and to remove any confusion by the government.<\/p>\n
<\/p>\n
Patrick Frimpong-Manso, a member of the e-levy committees says utility payments, DStv subscription payments and church tithe payments made through MoMo are exempted from the tax.<\/p>\n
\u201cAny utility payment people make is not taxable and therefore clear that the tax is not going to include every electronic transaction you make. When you are making payment to DStv for example, it is not taxable under the e-levy law.<\/p>\n
Making payments to a church does not attract a tax because churches also make some payments to the Ghana Revenue Authority and fall into the specified merchant category that do not attract the e-levy.<\/p>\n
When you are sent money from abroad, it is not taxable.\u201d<\/p>\n
<\/p>\n
A Principal Revenue Officer of the Ghana Revenue Authority (GRA), Isaac Kobina Amoako, says there are some grey areas in the much talked about electronic transaction tax (e-levy) law, which if not clarified, could hit hard – cause more pain to some people, especially, employees whose salaries are paid through mobile money platform.<\/p>\n
Although tax would have been already deducted from the salaries of such workers, their salaries as things stand now, are going to attract e-levy.<\/p>\n
He explains that the law does not make any distinction between a corporate mobile money account and an individual mobile money account.<\/p>\n
This is something that would have to be resolved.<\/p>\n
The government is touting the e-levy as a game changer \u2013 something that is going to help rake in more revenue to bring development and make things better for Ghanaians.<\/p>\n
<\/p>\n
The Finance Minister, Ken Ofori Atta, says the e-levy represents a good opportunity to bring more people into the tax net to boost domestic revenue mobilization.<\/p>\n
Content created and supplied by: KyeretwienanaOseiBonsu (via Opera
\nNews )<\/p>\n<\/article>\n
\n , . , . () , , , , , , , , . \/ , and\/or . , , and\/or , and\/or <\/span>
\n<\/span>\n<\/p>\n