The Ghana Revenue Authority (GRA) has ensured that sufficient systems have been put in place to manage and maintain all records of deductions made as part of the implementation of the Electronic Transfer Levy (E-Levy).
This follows a Supreme Court ruling for the GRA to preserve correct records of all e-levy deductions in order to issue refunds to payees if it is later determined that the statute was unconstitutionally passed.
The order came after the Supreme Court’s 7-member bench unanimously denied an injunction application by some Minority members of Parliament to have the controversial levy temporarily delayed until the court rules on its substantive case challenging the validity of the E-levy.
The Court stated that if the government is temporarily prohibited from deducting the levy from electronic transfers, the Republic will suffer greatly.
It did, however, observe that methods exist within the current tax structure to repay payees who have either overpaid or paid incorrectly, and that they must be used.
In response to the Supreme Court’s ruling, Patrick Frimpong-Danso, a member of the GRA E-Levy Technical Team, told Citi News that they are prepared to give whatever records requested.
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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.
SOURCE: CITINEWS
