{"id":128498,"date":"2023-12-07T10:51:46","date_gmt":"2023-12-07T10:51:46","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/07\/transfers-between-bank-accounts-linked-to-momo-wallet-should-not-attract-e-levy-gra-insists\/"},"modified":"2023-12-07T10:51:46","modified_gmt":"2023-12-07T10:51:46","slug":"transfers-between-bank-accounts-linked-to-momo-wallet-should-not-attract-e-levy-gra-insists","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/07\/transfers-between-bank-accounts-linked-to-momo-wallet-should-not-attract-e-levy-gra-insists\/","title":{"rendered":"Transfers between bank accounts linked to MoMo wallet should not attract E-Levy \u2013 GRA insists \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The\u00a0Ghana Revenue Authority\u00a0(GRA) has reaffirmed its position regarding Electronic Transaction Levy (<a rel=\"noreferrer noopener\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=6422\" target=\"_blank\"><a rel=\"noreferrer noopener\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=6422\" target=\"_blank\">E-Levy) charges, specifically addressing concerns related to transactions between bank accounts and mobile money wallets.<\/p>\n<p>The GRA has made it clear that accounts linked directly to one\u2019s mobile money wallet should not attract any\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=6422\" target=\"_blank\"><a rel=\"noreferrer noopener\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=6422\" target=\"_blank\">E-Levy\u00a0charges during transactions.<\/p>\n<p>The clarification comes in response to an X user\u2019s request for clarity on recent deductions being reported on social media.<\/p>\n<p>The user questioned \u201cAre taxes imposed on the transfer of monies from bank accounts to linked momo numbers a directive from your office? @Ghana Revenue.\u201d<\/p>\n<p>In response, the GRA clarified that any charges incurred in such transactions are errors on the part of the charging entities.<\/p>\n<p>The GRA emphasized that these charges are illegal, as the laws surrounding the E-levy have not changed.<\/p>\n<p>\u201cNo, please. It is an error on the part of the charging entities. The law has not changed. Transfers between accounts owned by the same person should not attract the E-levy,\u201d the GRA said in its Twitter reply.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">According to the <a href=\"https:\/\/twitter.com\/GhanaRevenue?ref_src=twsrc%5Etfw\">@GhanaRevenue<\/a> Authority, the taxes on bank-to-linked momo account transfers implemented by some banks is \u201can error on the part of the charging entities\u201d and \u201cthe law has not changed. Transfers btn accounts owned by the same person should not attract the E-Levy.\u201d <a href=\"https:\/\/t.co\/zAL5B7YGX7\">pic.twitter.com\/zAL5B7YGX7<\/a><\/p>\n<p>\u2014 Ebenezer Donkoh (NY DJ) (@nydjlive) <a href=\"https:\/\/twitter.com\/nydjlive\/status\/1732419006550708522?ref_src=twsrc%5Etfw\">December 6, 2023<\/a><\/p>\n<\/blockquote>\n<p>Source: www.ghanaweb.com<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Ghana Revenue Authority\u00a0(GRA) has reaffirmed its position regarding Electronic Transaction Levy (E-Levy) charges, specifically addressing concerns related to transactions between bank accounts and mobile money wallets. The GRA has made it clear that accounts linked directly to one\u2019s mobile money wallet should not attract any\u00a0E-Levy\u00a0charges during transactions. The clarification comes in response to an X [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":108586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-128498","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Transfers between bank accounts linked to MoMo wallet should not attract E-Levy \u2013 GRA insists \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/12\/07\/transfers-between-bank-accounts-linked-to-momo-wallet-should-not-attract-e-levy-gra-insists\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transfers between bank accounts linked to MoMo wallet should not attract E-Levy \u2013 GRA insists \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The\u00a0Ghana Revenue Authority\u00a0(GRA) has reaffirmed its position regarding Electronic Transaction Levy (E-Levy) charges, specifically addressing concerns related to transactions between bank accounts and mobile money wallets. The GRA has made it clear that accounts linked directly to one\u2019s mobile money wallet should not attract any\u00a0E-Levy\u00a0charges during transactions. 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