Has The E-Levy Been Approved And Passed On? Read More

Update: The electronic transfer levy bill, 2021 is now read the third time and passed.

The proposed rate has been revised from 1.75% to 1.50%.

Electronic Transfer Levy Bill, 2021 at consideration stage

House Speaker Bagbin says he was ‘surprised’ by the minority walkout just as he was surprised for this motion but that notwithstanding biz continues. He also says Parliament is properly formed despite boycott.

The bill bars Ghana Revenue from contracting a private service provider to conduct revenue monitoring being it at fee or commission. Subsection (1) however doesn’t preclude GRA from requesting a “special audit on revenue accounting by any particular entity”.

All the proposed amendments standing in the name of some Members of the minority group such as Ato Forson, the minority leader, Sam George & Mohammed Mubarak-Muntaka have been withdrawn because none of them is present to move those amendments in their name.

Finance Minister proposes an amendment in the second schedule that, “bank transfers on an instant pay digital platform or application originating from a bank account belonging to an individual subject to a threshold to be determined by the Minister & any other”.

House Majority Leader Osei Kyei-Mensah-Bonsu makes a further amendment of Sam George proposed amendment to demand  Ghana Revenue to submit quarterly report on performance & revenue of e-levy; reports presented in the yearly budget & mid-year review.

More Updates coming up

Source: @Odekro (Twitter)

Leave a Reply

Your email address will not be published.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