Home / GENERAL NEWS / Gov’t E-levy: see, check out charges you will pay henceforth when you do mobile money

Gov’t E-levy: see, check out charges you will pay henceforth when you do mobile money

Ken Ofori made this bizarre disclosure today, November 17, 2021, while briefing the nation with the 2022 annual budget in the house of Parliament.

Below are his exact words quoted by Browngh.com;

“It is becoming clear there exists enormous potential to increase tax revenues by bringing into the tax bracket, transactions that could be best defined as being undertaken in the ‘informal economy’.

“After considerable deliberations, government has decided to place a levy on all electronic transactions to widen the tax net and rope in the informal sector. This shall be known as the ‘Electronic Transaction Levy or E-Levy.”

“A portion of the proceeds from the E-Levy will be used to support entrepreneurship, youth employment, cyber security, digital and road infrastructure among other.”

Here is the illustration of how it is;

See also  Accra-Kantamanto Market Inferno: Traders Cry Over Rampant Burning

About admin

Check Also

Actor LilWin could face imprisonment or a fine as a penalty ~ Lawyer

Private legal practitioner Martin Kpebu has provided a detailed analysis of the charges brought against …

Leave a Reply

Your email address will not be published. Required fields are marked *

x