The implementation of the controversial electronic transaction levy on financial transactions popularly called e-levy kick starts on the first day of the fifth month of the year which is 1st of May, 2022.
And even though this date has long been communicated to the public stakeholders in the implementation process, it is important that the actual roll out is seamless and incident free.
This is very crucial due to the earlier apprehension from most people within the public circle as well as the business industry to the earlier proposal in Parliament.
We believe that due to the earlier stance from the cross section of the public and the controversial nature the tax was finally passed in Parliament amidst walk outs, the government must work to ensure that it is rolled out cleanly, transparently and appropriately.
We, just as all individuals in the country, are aware of the margins that should be taxed but we do implore that the 1.5% percent as agreed to be taxed on senders should be calculated well.
We also want to avert the minds of the public that only transactions above the 100 cedis threshold are to be taxed but if one sends more than a hundred cedis a day the second hundred cedis would suffer the tax imposition.
The general public must therefore bear in mind that only senders would be taxed on the transactions they do with recipients suffering nothing from their withdrawals.
This education, we believe, should be carried out in full swing so that no one either at the implementing agencies or telecommunication industry milk any person or dupe any individual of their money or earnings.
We pray and hope that the government with the implementing agencies as well as allied groups would continue with the public and community education on the new but progressive tax so that the understanding of the public would be deepened on why they should commit their funds for the development of the nation.
May the people of Ghana be beneficiaries of their commitment to part with their hard earned money as government accounts for what they use the taxes for as communicated in the budget and policy statements.
Content created and supplied by: Seth Darkwa (via Opera
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