• Wed. Sep 28th, 2022

E-Levy: Comply with implementation of E-levy – Mobile Money Agents Association to members

ByEditor

May 1, 2022 ,

The Mobile Money Agents Association has urged agents around the country to follow the government’s 1.5 percent rule, which will go into effect on Sunday, May 1, 2022.

The Association asked its members to continue educating the general public about the new tax plan, saying it will “help restore confidence in and continued use of the platform to facilitate all financial activities.”

Deposits, withdrawals/cashouts, and savings on momo wallets would not be affected by the new tax policy, according to the statement published by the Associations’ General Secretary, Evans Otumfou.

“Agents have no hand in e-levy charges or collection,” the Association added, “therefore customers are not to pay any e-levy charges to Agents.”

The Mobile Money Agents Association’s statement on the E-deployment. levy’s

Finally, the Association asked its members to guarantee that the policy be implemented smoothly, as it works to protect their interests.

“Management recognizes the long-standing issues that Agents face in the company and will take steps to address them as soon as the e-levy debate is resolved.”

The statement concluded, “We call on the government to enhance education on the e-levy scope through a nationwide in-person engagement.”

Meanwhile, the Ghana Revenue Authority has declared that the E-levy will be operationalized in a modified-phased method beginning May 1.

This is based on the findings of a GRA assessment of the general readiness of selected charging entities to connect with the E-Levy management system.

The Authority’s intention to completely deploy the E-levy by May 1 has hit a roadblock as a result of the new development.

The Ghana Revenue Authority (GRA) issued a statement on the E-rollout levy’s on May 1st.

Despite the Authority’s claims to the contrary, Ningo-Prampram MP Sam George Nartey claimed earlier this week that the Authority was not ready to apply the Electronic Transaction Levy (E-levy).

Processes that will assure the effective implementation of the contentious tax, he claims, have yet to be finished.

The Application Programming Interface (API) and security architecture have not yet been made available to telecoms providers, according to the Ningo-Prampram MP (Telcos).

“I have it on good authority that the GRA Commissioner-statement General’s that all APIs have been issued to all Electronic Money Issuers (EMI) as of 11 p.m. last night (Wednesday) is inaccurate. “At least two APIs have yet to be completed,” he stated.

“The reverse API is the more important of the two. The GRA revealed at the last technical conference that because all of the system’s robustness testing haven’t been completed, there’s a chance that when you contact the API to perform all of the checks before a tax is applied or not applied, you won’t receive the checks done in real-time.

He stated that when such a circumstance arises, GRA has opted to “go ahead and apply the tax, even if that transaction is exempt,” and then “perform a reconciliation and then reverse the 1.5 that was charged” when the system returns online.

He believes that this will cause issues, such as misunderstanding at Mobile money vending machines.

“The message has gone out that these people are exempt [and] in cases like this, momo agents will be attacked because customers will accuse them of attempting to steal their 1.5 percent of the money sent.” So you’re exposing the momo agent to potential agents due to a breakdown in communication, ” he explained.

He further remarked that this suggests that the implementers are not prepared to reverse their decisions in such situations.

“You haven’t provided a timetable for this reconciliation.” As a result, no one knows when the reversal will occur. The APIs that will allow the EMIs and PSPs to do the reversal have not been released to them, which is crucial. This shows that the government is unwilling to reverse any transactions that were made in error,” he said.

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