No more e-levy from midnight of April 2 – GRA

The Ghana Revenue Authority (GRA) has announced that with effect from midnight on April 2, the Electronic Transfer Levey (E-levy) has been scrapped.

This follows President John Mahama’s assent to the Bill passed by Parliament to that effect earlier in the day.

“We wish to inform you that the President of the Republic of Ghana has assented to the Electronic Transfer Levy Act, 2022 (Act 1075) and the Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089) bill, which abolishes the 1% E-Levy. This is expected to take effect from today 2nd April 2025,” a letter issued by the Domestic Tax Revenue Division of the GRA to charging entities read.

It said “In accordance with our previous communication regarding implementation guidelines, this letter serves as formal authorization for you to proceed with the deployment of the “no charge” configuration on your platforms.

The GRA proceeded to communicate the following guidelines:
1. The GRA Electronic Transfer Levy Management and Assurance System (ELMAS) will automatically return a “no charge” on all transactions posted to it by entities from midnight.
2. Charging Entities must cease applying the 1% E-Levy from midnight on all their channels.
3. Charging Entities must immediately process refunds for any E-Levy amounts deducted from customers effective today 2. April 2025. Entities are to establish an expedited refund process to handle such cases promptly and maintain proper documentation of all refunds processed. Reports of such refunds must be submitted to GRA.
4. Charging Entities are to take the necessary steps to file and pay all outstanding E-Levy charged and collected on all transactions that occurred before 2. April 2025.

 

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