Sign in
Download Opera News App



Minority Wants Gov't To Review E-Levy Rate To 0.5% With A Tax-Free Daily Threshold Of GHC300

Haruna Iddrisu bio: net worth, age, career,family, education, pictures

The Minority caucus in parliament has asked the government to review the e-levy rate to gain their support. They have asked the government to reduce it to 0.5% with a tax-free daily threshold of GHC300.

The MP for Tamale South, Haruna Iddrisu, asserted his caucus will ardently push for e-levy review in parliament.

He spoke at the opening ceremony of the post-budget workshop in Ho and disclosed that such a review worsens the plights of the poor Ghanaian and urged the government to reconsider and review the rate.

“We will subject it to further critical and thorough discussions as a caucus, but without going into the scenarios, as you look at your scenarios, consider 0.5% at a threshold of ¢300 as compared to what you have admitted of 1% at zero thresholds.“

The Minority Leader added that his caucus is yet to decide on the proposed increase in the VAT rate. He further warned that the new rate increment has terrible consequences for businesses.

The Electronic Transfer Levy Act(e-levy) was unpopular among Ghanaians after its introduction. The e-levy rate pegged at 1.75% initially was reduced to 1.5% after Ghanaians protested against it.

On Thursday, November 24, according to the 2023 budget statement by Finance Minister, the government reduced the e-levy rate from 1.5% to 1% and removed the daily transaction threshold of GHC100.

All electronic transactions will attract a 1% e-levy rate, regardless of the amount.

Content created and supplied by: Kritiq (via Opera News )

E-Levy Haruna Iddrisu Tamale South


Load app to read more comments