Ghana Revenue Authority also known as GRA has laid down some procedures on how charging entities can process reversal of funds or request a refund in case of a wrong transfer on the first phase of the Electronic Transfer Levy(E-LEVY) between May 1, 2022 and June 30, 2022. The Electronic Transfer Levy commerced on Sunday May 1,2022.
These procedures are to assist the entities on how to handle the refunds until the end of the period, where the Modified Phased Approach of the implementation would have been completed and all the stakeholders would be using a common platform.
Under this first phased approach, it has been decided that all "on- net" and "off-net" transfers including transfers to "own accounts" shall be subject to the e-levy. This is because of lack of visibility across all networks due to the phased approach. A letter dated April 29, 2022, signed by the Commissioner-General of GRA, Ammishaddai Owusu-Amoah and addressed to all charging entities stated.
However, Charging Entities are to exempt "on-net" transfers between accounts owned by the same person where the identity of the person can be determined.
Where a transferor can provide proof of Ghanacard,Passport,DVLA,NHIS, or other National Identification Card to the satisfaction of the Charging Entity that indeed the receiving account is his/her own account, the charging entity shall use their internal processes to process the reversal/refund, it said.
It also made mention that, Charging entities are to submit to the GRA (in addition to the prescribed tax form) a list of all claims made in respect of refunds.
The GRA, has however, warned that, in collaboration with the Charging Entity, it will use any other evidence available to it to prosecute any person who tries to outsmart the system by claiming the receivers identity as his own in order to get a refund of the taxe charged
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