December 7, 2022

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GRA shares new E-levy expenses after full implementation

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The Ghana Income Authority (GRA) has outlined numerous new e-levy expenses after the total implementation on a standard platform commenced.

The Authority had earlier introduced that it was making ready a standard platform that can seize all transactions to permit for e-levy deductions. Previous to the total implementation on a standard platform, clients had been allowed to get pleasure from some exemptions per pockets per account within the section one implementation of the tax.

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As an example, a buyer with two completely different accounts was in a position to get pleasure from some exemption in the event that they ship GH₵100 twice utilizing completely different accounts to different folks.

With the total implementation on the frequent platform, there could be no exemption of expenses per pockets or account transactions.

Isaac Amoako, a member of the e-levy implementation committee, has been explaining to JoyNews a number of the new expenses.

  1. “As soon as the frequent platform is working functionally and absolutely while you ship the primary ₵100 that’s granted, you understand in section one the exemption was being loved per pockets, per account so if in case you have two wallets you mainly get pleasure from ₵200 per day. With the frequent platform, you’ll solely get pleasure from ₵100 you’ll not get pleasure from ₵200.
  2. “The second which can excite them is that now while you ship to a quantity or an account you personal and you’ve got up to date each numbers with the Ghana card then you don’t get to pay expenses, if in case you have not completed that you may be charged.
  3. “Those that function as retailers, by service provider means they obtain cost for items and companies by way of one in every of these cost companies suppliers. Now there’s a third leg we’re implementing that was not applied in the course of the first section. Now, if the service provider will not be registered with the GRA for revenue tax or VAT, then your clients are going to endure e-levy.”

Supply: myjoyonline.com

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