How To Avoid Paying The E Levy In Ghana In 2023
Discover the various strategies for evading the E Levy tax in Ghana 2023. This article will provide you with the necessary information regarding how to avoid or avoid paying the newly implemented Electronic Levy (E Levy) Tax.
Why Are People Inquiring About How To Avoid Paying E Levy Charges in Ghana?
Moments after the Electronic Levy, colloquially referred to as the E-levy, was passed by Ghana’s Parliament on 29th March 2023, the majority of Ghanaians expressed alarm, shattering their perceptions of electronic transactions in the country. While it is believed that people will quickly adapt to this new change, for the time being, the majority of people are looking for ways to reduce the cost of transactions made while the E Levy is not yet in effect. Some have argued that, in light of the rising cost of living, it is natural to permanently save the small pesewas.
Concerning The E Levy
Ghana’s Parliament approved the Electronic Levy, commonly referred to as the E-levy, on March 29th, 2023. This means that electronic transactions such as mobile money transfers, bank to bank transfers, bank to mobile money transfers, and online payment transactions through payment platforms such as Visa Card, Master Card, and PayPal, among others, are taxed at a reduced rate of 1.5 percent.
1. Send No More Than GHC 100 Per Day.
Because E Levy Charges will not apply to mobile money transfers of less than GHC 100 made by one person per day, people who do not want to be charged should send a maximum of GHC 100 to your receiver every day until the entire amount you intend to send is depleted. For example, if you want to pay GHS 300 to your son every month, start by sending GHS 100 every day until he receives the full GHS 300.
2. Make Use Of Cash Transactions
Rather than using Mobile Money Transfers, use cash in your transactions more frequently.
3. Payments By Check
Payments can also be made by cheque for those who prefer not to pay the e-levy.
Please keep in mind that the purpose of this post is not to encourage people to avoid paying the E Levy tax, but rather to serve as a guide and option for people who would like to use this in times of need, etc.