Mobile Money Agents accuse GRA of double taxation

Mobile Money Agents accuse GRA of double taxation

The imposition of E-levy on Mobile Money agent SIM cards by the Ghana Revenue Authority has ignited discontent among these essential service providers.

The MOMO agents in a press release today, Wednesday March 20, 2024, expressed disappointment in government, saying they are faced with potential shutdown if government does not heed there call to remove the tax.

“The Mobile Money Advocacy Group, write to register our deep disappointment and urgent concern regarding the imposition of the E-levy on agent SIM cards by the Ghana Revenue Authority (GRA).”

The group continued that “This new levy, in addition to the existing 10% income tax on all transactions, has resulted in double taxation for our businesses, posing a severe threat to our financial sustainability.”

They group is therefore urgently calling on the government, particularly the Ministry of Finance, and other relevant stakeholders to intervene and bring the GRA to order.

They highlighted that the imposition of the E-levy on Agent SIM cards and the 1% levy on all ‘Push and Pull’ transactions from banks are creating an unsustainable financial burden for their members.

While optimistic that their call will get favourable response from government, failure on the part of relevant authorities will force them to embark on street protest. A situation that is likely to hurt the Ghanaian economy, should they carry out their threat.

“f our concerns are not adequately addressed, we will have no option than to consider shutting down our shops and go on demonstrations to safeguard our capital and livelihoods. This would have far-reaching implications for the mobile money
industry and the economy at large”

Read full statement below:

By: Bright Yao Dzakah | | Ghana

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