The Ghana Revenue Authority (GRA) has assured that sufficient systems have been put in place to track and maintain all records of deductions made as part of the implementation of the Electronic Transfer Levy (E-Levy).
This follows a Supreme Court order directing the GRA to keep accurate records of all e-levy deductions in order to issue refunds to payees if it is later determined that the law was unconstitutionally passed.
The order came after the Supreme Court’s 7-member panel unanimously denied an injunction application by the Minority in Parliament to have the controversial levy temporarily suspended until the court rules on its substantive case challenging the legality of the E-levy.
The Court said the Republic would suffer a great deal if the government is temporarily stopped from deducting the levy from electronic transfers.
It however noted that mechanisms do exist within the current tax regime to refund payees who have either overpaid or wrongfully paid, and that must be taken advantage of.
Speaking to Citi Business News about the order of the apex court, is a member of the GRA E-Levy Technical Team, Patrick Frimpong-Danso said they are ready to provide any records when called upon.
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“We’ve sent a format to all the charging entities to report daily to us. So we have a template that we’ve given to all the charging entities and they are reporting everyday transactions to us and the transactions are broken down into different modules. We have on one hand the total value of the E-Levy charged by a charging entity that is both on-net and off-net as well as those that apply to other entities like the banks.”
“Also we are asking for data relating to reversals. So in case the court requests for the data, we have a template in place to help us,” he added.
