Ghana: Introduced Electronic Transaction Levy Bill
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Description
Introduced Electronic Transaction Levy Bill
The Electronic Transaction Levy is introduced in the Ghanaian Parliament. The Levy would comprise 1.75% and concern electronic transactions above GHS 100 (approx. USD 16) per day. Particularly, the levy would apply to mobile money transfers, transfers between bank accounts and mobile money accounts, and bank transfers on a digital platform or application between accounts belonging to different individuals.
Original sourceScope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
digital payment provider (incl. cryptocurrencies)
Category
All
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
cash including deposits: transfer (any destination)
Regulatory tool
Subordination under digital service tax
Sanctions
Regulated subjects
1