GRA releases certified E-levy charges on all transfers

Ghana Revenue Authority (GRA)
Ghana Revenue Authority (GRA)

Management of the Ghana Revenue Authority (GRA) has released the certified Electronic Transfer Levy charges on all transfers/Transactions.

According to GRA, the taxable amount on a transaction is above GH¢100.

The Electronic Transfer Levy imposes a 1.5% on transactions as stated by the Act.

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GRA announces transfers that are excluded from E-Levy charges

Explaining further, the Ghana Revenue Authority said, any transaction on GH¢100 or smaller will not be charged E-levy.

They again said, when you transfer an amount of GH¢150 in a day, the taxable amount will be on GH¢50 only. This means that, your first GH¢100 transfer will not be charged E-levy.

But, subsequent transfers aside the first GH¢100 will be charged E-levy.

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Example, if AGBONI transfers GH¢150 to his mother in the morning, he will be charged E-levy amounting to 0.75p only on the GH¢50. If he transfers another GH¢200 to his father in the afternoon, at this time, he will be charged E-levy amounting to GH¢3 on all the GH¢200.

Check below, the certified E-levy charges published by GRA.

Transfer amount Taxable amount (Above GHS100) E-levy charges

1.5%

Total charges
20.00 N/A N/A N/A
50.00 N/A N/A N/A
80.00 N/A N/A N/A
100.00 N/A N/A N/A
150.00 50.00 0.75 0.75
200.00 100.00 1.50 1.50
300.00 200.00 3.00 3.00
400.00 300.00 4.50 4.50
500.00 400.00 6.00 6.00
600.00 500.00 7.50 7.50
700.00 600.00 9.00 9.00
800.00 700.00 10.50 10.50
900.00 800.00 12.00 12.00
1,000.00 900.00 13.50 13.50
2,000.00 1,900.00 28.50 28.50
5,000.00 4,900.00 73.50 73.50

 

SOURCE: Coverghana.com.gh

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