Salaries Paid Through Mobile Money Will Attract E-Levy - GRA

The workers who receive their salaries through mobile money platforms may have to brace themselves. This is because a portion of their money is also expected to be affected by the recently passed E-Levy. According to the Ghana Revenue Authority (GRA), the manner in which the controversial law was crafted makes it imperative that

the tax is factored into the revenue mobilisation stream. Following the passage of the Electronic Transfer Law, the GRA has indicated its readiness to implement it from the May 1. A Principal Revenue Officer and the Head of the Project Management Unit at the Authority told the media that salaries are paid from their bank accounts onto the

mobile money platforms, the 1.50% fee will be deducted into the government coffers. Isaac Kobina Amoako made this known during a discussion to demystify the new tax.Speaking on Sunday, the official explained that the current framework created by the law as it stands does not distinguish a corporate mobile money account and

an individual mobile money account. For the banks, the disbursements from the corporate accounts were not mentioned so it is clear that that one is exempt. But in the momo, there was no distinction between corporate momo account and the individual momo account, he then added. He also revealed that this will also affect

loan disbursement among other banking transactions. These concerns, Mr Amoako says, will be forwarded to the Finance Ministry and with the hopes of having them addressed. He opined that the potential challenges that may accompany this situation have come to the GRA’s attention.