E-Levy will tax VAT with every payment, why?
E-Levy will tax VAT with every payment. Doubt it? Keep reading as we all get to understand how this will work out.
The infamous Electronic Transaction Levy (E-Levy) would overburden Ghanaians and also lead to the taxing of taxes you are paying if the levy is passed by parliament and you make payments with Momo or any other charged platforms.
While government and a cross-section of the Ghanaian people are excited about the E-lvey due to the tax revenue it will bring, others are very cautious of the dangers of its passage.
As the E-levy hangs in the air, many Ghanaians have kicked against it knowing the implications of it if passed by the government. One of the dangers is that, once it is passed many taxpayers will be taxed for paying their value-added tax when they buy goods and services and make payments through Momo or any other electronic payment platforms where the 1.75 e-levy is applied.
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