E-levy: GRA Directs Charging Entities To Refund Deductions Made After April 2

E-levy: GRA Directs Charging Entities To Refund Deductions Made After April 2

E-levy: GRA Directs Charging Entities To Refund Deductions Made After April 2

E-levy: GRA Directs Charging Entities To Refund Deductions Made After April 2E-levy: GRA Directs Charging Entities To Refund Deductions Made After April 2

The Ghana Revenue Authority (GRA) has directed all charging entities, including financial institutions and mobile money operators, to immediately cease applying the 1% Electronic Transfer Levy (E-Levy) and to refund any deductions made on or after April 2, 2025.

This directive follows the official abolition of the E-Levy after President John Mahama assented to the Electronic Transfer Levy Act, 2022 (Act 1075) and its amendment, Act 1089.

E-levy: GRA Directs Charging Entities To Refund Deductions Made After April 2

The GRA has emphasized that any institution failing to process refunds promptly will face sanctions as prescribed by law. Additionally, charging entities are required to submit reports of all refunds processed to the GRA for accountability.

To ensure compliance, the GRA’s Electronic Transfer Levy Management and Assurance System (ELMAS) has been reconfigured to automatically return a “no charge” response on all transactions from April 2, 2025, onwards.

Customers who notice wrongful deductions are encouraged to report the issue to their service provider and demand a refund. Any failure to refund deducted funds should be reported directly to the GRA.

SEE ALSO: Mahama Approves Revised Bills Eliminating The E-levy, Betting Tax, And Other Charges

 

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Source: hypesmediagh.com

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