Telecos to implement revised 1% E-Levy rate from today

Telecom companies in the country will implement the revised E-Levy rate of 1% from today, Wednesday, January 11.

This is according to the Ghana Chamber of Telecommunications in a statement on Tuesday.

It comes on the heels of a directive from the Commissioner General of the Ghana Revenue Authority (GRA) urging the telecommunications company to roll out the revised electronic transfer levy.

The Chamber in the statement said the implementation of the revised Electronic Transfer Levy (E-Levy) rate of 1% by Airtel Mobile Commerce (Ghana) Limited, GCB G-Money, Mobile Money Limited, Vodafone Mobile Financial Services Limited, and Zeepay Ghana Limited, will commence on Wednesday, January 11, 2023.

The Electronic Transfer Levy (Amendment) Act, 2022, Act 1089 passed by Parliament and assented to by the President, saw the downward adjustment of the levy on electronic transfers from 1.5% to 1%, while the GHS 100 threshold remains unchanged.

“The Chamber would like to assure the general public that its members are working assiduously with the GRA and other key institutions, to ensure a seamless implementation of the revised levy from Wednesday, January 11, 2023,” part of the statement said.

 

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