E-Levy: Reduce rate to engender public acceptance – TAGG to government
The Traders’ Advocacy Group of Ghana (TAGG) has urged government to reduce the 1.75 percent charge rate for the electronic transaction levy (E-Levy) positing that will engender public acceptance of the new levy.
Asserting the E-Levy is a smart way of widening the tax net and also increasing the contribution of tax revenues to GDP, TAGG however noted that, until government pays heed to the public outcry over the levy and undertakes a review of the levy, the levy will not be accepted by Ghanaians.
Making a case for traders in the country with regards to the implementation of the levy, TAGG noted that traders have come to accept the digital payment platforms especially mobile money (MoMo) for payment of wages, paying suppliers and vendors as such the implementation of the levy at the current rate will discourage traders from the use of the digital platforms.
Calls for a downward review of the levy by TAGG follows similar calls by the Association of Ghana Industries (AGI), Ghana Bankers Association (GAB) and the Institute of Economic Affairs Ghana (IEA).
The IEA has for instance advocated for a downward review of the levy from 1.75 percent to 0.5 percent.
Meanwhile, government is projected to earn around Ghs 7 billion in revenue from the E-Levy in its first year of implementation.
Today Press 30 Nov 21 by Fuaad Dodoo on Scribd
Today Press 30 Nov 21.PDF 2 by Fuaad Dodoo on Scribd
