E-levy is now LAW as AKUFFO-ADDO ASSENTS TO BILL. Read More!

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Electronic Transaction Levy (commonly known as Electronic Levy or E-levy) is a tax applied on transactions made on electronic or digital platforms.

A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.10 Jun 2021.

The Ghanaian Parliament has approved a new electronic transaction tax which the government says will help raise $900m in much-needed revenue but which has sparked widespread popular criticism.

The E-levy bill, passed on Tuesday, will introduce a 1.5 percent tax on electronic money transfers and transactions. President Nana Akufo-Addo’s government has said the move will help address problems from unemployment to Ghana’s high public debt.

But for many Ghanaians, the tax represents yet another burden as they are already struggling with high living costs heightened by soaring fuel prices due to the Ukraine crisis.

Legislators passed the law after the opposition minority walked out of the debate.


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