Minority Boycotts Consideration Of E-levy In Parliament

Minority Boycotts Consideration Of E-levy In Parliament

 

 

The Minority staged a walkout in Parliament during the consideration of the controversial Electronic Transfer Levy (E-levy) at the second reading stage on Tuesday, March 29, 2022. The second reading of the levy saw the bill being adopted at the reduced rate of 1.5% from the initial proposed rate of 1.75%. The bill is currently under

 

consideration by a Majority house, following Minority’s boycott. Members of the Majority are also deliberating on some proposed amendments to the bill which have been introduced by the government. The e-levy is a new tax measure introduced by the government in the 2022 Budget on basic transactions too also related to digital

 

 

payments and electronic platform transactions. Critics of the proposal, including the Minority have warned that the new levy will negatively impact the Fintech space, as well as hurt low-income persons. The government has, however, argued the levy would widen the tax net as it could raise an extra GH¢6.9 billion in 2022.