North Tongu MP said minority will demand full disclosure of e-tax
He indicated that a colossal amount of GHC241 million has been allocated
This was in the 2022 budget statement
Samuel Okudzeto Ablakwa, hinted that the Minority Caucus will demand full disclosure of the electronic transaction tax because the government of Ghana has allocated 241,933,000 GHC as payment.
According to him, it is unreasonable for the government to tax the poor to enrich the rich.
Ablakwa, in a post on his official Twitter calendar, shared Annex 4B on page 242 of the 2022 budget, where he reveals that 241,933,000 GHC has been allocated to the electronic tax.
He believes that when the Minority Caucus gets the electronic tax removed, it will affect some “obscure” business interests.
The North Tongu MP said in a tweet, “It looks like our agitations against E-Levy are really going to affect some obscure business interests if we are successful in removing or drastically reducing it.
“Annex 4B on page 242 of the 2022 budget reveals that a colossal amount of 241,933,000 GHC has already been set aside to pay for the so-called direct debit services on electronic transactions.
“We will demand full disclosure to Parliament on this apparent darling deal.” Tax the poor to enrich the rich. This is completely unacceptable! Samuel Okudzeto Ablakwa concluded.
1.75% tax on electronic transactions
Ken Ofori-Atta introduced a new 1.75% levy on all electronic transactions such as mobile money transactions, remittances and other electronic transactions.
Fees and charges for government services were also increased by 15%.
The Minister of Finance explained, “It is becoming clear that there is enormous potential for increasing tax revenue by bringing into the tax bracket transactions that could be better defined as being undertaken in the informal economy.
“As such, the government charges an applicable rate of 1.75% on all electronic transactions covering mobile money payments, bank transfers, merchant payments and inbound remittances, which will be charged to the sender, with the exception of inbound remittances, which will be the responsibility of the recipient.
“To preserve efforts to improve financial inclusion and protect vulnerable people, all transactions that total GH ¢ 100 or less per day, or around 3,000 per month, will be exempt from this levy,” Ofori-Atta revealed. .
It looks like our agitations against the E-Levy are really going to affect some obscure business interests if we are successful in removing or drastically reducing it.
Annex 4B on page 242 of the 2022 budget reveals that a colossal amount of GHS 241,933,000 has already been set aside for pic.twitter.com/FTQbM5cKxp
– Sam Okudzeto Ablakwa (@S_OkudzetoAblak) December 2, 2021