<\/p>\n
Deputy Finance Minister, John Kumah has said the government cannot be held in contempt following the implementation of the Electronic Transfer Levy (E-Levy) which commenced on May 1, 2022.<\/p>\n
According to him, the fact that the minority filed an application for an injunction against the implementation of the policy does not mean they have the order of the court.<\/p>\n
He has, therefore, insisted that the government has not breached any order of the court for kick-starting the E-Levy policy.<\/p>\n
\u201cThere is no court order so, we have not breached anything. The fact that you have filed a motion in court does not mean you have an order of the court,\u201d citinewsroom.com quoted him to have said.<\/p>\n
Speaking on the implementation of the E-Levy, he said, the tax policy will play a key role in the development of the country.<\/p>\n
\u201cIt is a good day for our country because we have managed to introduce a new tax mandate for our country. Let\u2019s continue to hope for the best for this country and especially let\u2019s believe that E-levy will come and play a key role in our national development process,\u201d he noted.<\/p>\n
The implementation of the E-Levy commenced on May 1.<\/p>\n
Following the implementation of the policy, some Ghanaians have expressed disappointment over the E-Levy tax deduction of transfer which is less than the GH\u00a2100 threshold.<\/p>\n
The government had earlier stated that no matter the amount a person sends on mobile money, the first GH\u00a2100 will not be affected by the E-levy, which is 1.5%.<\/p>\n
But this has not been the case as some Ghanaians have been deducted E-Levy tax for transactions less than GH\u00a2100.<\/p>\n
Meanwhile, Ghana\u2019s revenue governing body, Ghana Revenue Authority (GRA) has assured people who have been wrongly charged as part of the implementation of the E-levy that all wrongful charges will be reversed.<\/p>\n
According to the GRA, it is using a modified approach to validate claims of wrongful charges to be able to reverse the wrongful charges on transactions done on May 1, as a result of the full implementation of the E-levy.<\/p>\n
Source: Ghanaweb.com<\/span><\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Featured Video\n<\/p>\n\n
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