E Levy Charges 2022/2023 | Full List Of Charges On Mobile Money

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The following table details the E Levy Charges in Ghana for the fiscal year 2022/2023, as well as the E Levy Charges for Mobile Money transactions in Ghana.

Concerning E Levy Charges
Ghana’s Parliament approved the e-levy on Tuesday, March 29th, 2022.
E Levy Charges impose a 1.5 percent tax on electronic transactions involving mobile money transfers, bank to bank transfers, bank to mobile money transfers, and online payment transactions involving payment systems such as Visa Card, Master Card, and PayPal, among others.
The E-Levy is applicable to the following five major transactions, but six further transactions are excluded, as indicated below.
What Exactly Is E Levy?
E Levy’s Significance
E Levy stands for Electronic Levy, which is a tax or levy on electronic and digital transactions in Ghana.
Ghana’s government enacted the E Levy to tax all electronic transactions in the informal sector in order to increase the tax base.
The E levy will be applied to five primary types of transactions, including mobile money transfers, bank-to-bank transfers, bank-to-mobile money transfers, and online payment transactions using payment platforms such as Visa Card, Master Card, and PayPal.

Charges For E-Levy On Mobile Money
Mobile money transactions between Mobile money accounts that exceed GH100 will be taxed at a rate of 1.5 percent.
This implies that 1.5 percent will be deducted from any mobile money transactions over GH100, while withdrawals from mobile money accounts would be tax-free.
The E Levy Charges will not apply to mobile money transfers of less than GH100 done by a single person each day. However, all other person-to-person mobile transactions, like as money transfers to another account, payment for products and services, and payment of utilities, would be affected.
Additionally, all merchant transactions and payments conducted via point of sale (POS) devices will be subject to the E Levy Charges.
Mobile money transfers between accounts with the same electronic money issuer will be taxed at a rate of 1.5 percent (EMI)
1.5 percent tax will be deducted from mobile money transfers from one account to another.
Money Transfers from bank accounts to mobile money accounts will be taxed at a rate of 1.5 percent.
Money Transfers from mobile money accounts to bank accounts will be taxed at a rate of 1.5 percent.
Bank transfers made via a digital platform or application linked to an individual’s bank account to another individual will be taxed at a rate of 1.5 percent.

Transactions Exempted from e-levy
No E Levy Charges will apply to repeated transactions of GH100 per day made by the same individual.
No E Levy Charges will apply to transactions between accounts owned by the same individual.
There will be no E Levy Levies on transactions made through the Ghana.gov platform for the payment of taxes, fees, and charges.
No E Levy will be levied on electronic clearing of bank cheques.
On merchant payments to business institutions registered with the GRA for income tax and VAT purposes, there will be no E Levy Charges.
Transfers between the principal’s, master agent’s, and agent’s accounts will be free of E Levy charges.

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