Employees who get their pay using mobile money platforms may need to be prepared.
This is because the newly enacted E-Levy is projected to affect a percentage of their funds.
According to the Ghana Revenue Authority (GRA), the contentious law's construction necessitates the inclusion of the tax in the revenue collection process.
The GRA has said that it is ready to execute the Electronic Transfer Law on May 1st, after its passage. The Authority's Principal Revenue Officer and Head of the Project Management Unit told JoyNews that salaries are transferred from bank accounts to mobile money platforms, with the 1.50 percent charge going to the government.
During a discussion on The Probe to debunk the new tax, Isaac Kobina Amoako stated this.
The official noted on Sunday that the existing legal framework does not discriminate between a company mobile money account and an individual mobile money account.
"The disbursements from corporate accounts were not listed for the banks, so that one is clearly excluded." "However, there was no difference between the corporate momo account and the individual momo account in the momo," he says.