Electronic Transfer Levy (Amendment) Act, 2022 Act 1089

DARLIASENTOFGHANVALIBRAKY
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ELECTRONIC TRANSFER LEVY
(AMENDMENT) ACT, 2022
Act 1089
ARRANGEMENT OF SECTIONS
Section
1. Section 1 of Act 1075 amended
2. Sections 3A and 3B inserted
3. Section 10 of Act 1075 amended

Act 1089
REPUBLIC OF GHANA
The One Thousand and eighty-nineth
ACT
OF THE PARLIAMENT OF THE REPUBLIC OF GHANA
ENTITLED
ELECTRONIC TRANSFER LEVY (AMENDMENT) ACT, 2022
AN ACT to amend the Electronic Transfer Levy Act, 2022 (Act 1075) to
reduce the Levy on electronic transfers to one percent; to provide
for the filing of returns; the time for the payment of the Levy and
for related matters.
DATE of ASSENT: 29th December, 2022.
Passed by Parliament and assented to by the President.
Section 1 of Act 1075 amended
1. The Electronic Transfer Levy Act, 2022 (Act 1075) referred to in
this Act as the “principal enactment” is amended in section 1 by the
substitution for subsection (1), of
“(I) There is imposed by this Act, an Electronic Transfer Levy of
1% on electronic transfers.”.
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ction 1 by the
substitution for subsection (1), of
“(I) There is imposed by this Act, an Electronic Transfer Levy of
1% on electronic transfers.”.
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Electronic Transfer Levy (Amendment) Act, 2022 Act 1089
Sections 3A and 3B inserted
2. The principal enactment is amended by the insertion after section 3,
of
“Filing of returns
3A. A charging entity shall file a return in respect of the Levy
with the Commissioner-General in the manner and at the time
and place determined by the Commissioner-General.
Payment of Levy
3B. A charging entity shall pay to the Commissioner-General the
Levy that has been charged on electronic transfers within twenty-
four hours after charging the amount.”.
Section 10 of Act 1075 amended
3. The principal enactment is amended in section 10 by
(a) the substitution for “agent”, of
" “agent” means a person registered with the Ghana Revenue
Authority who provides agency services to customers on
behalf of a principal under an agency agreement;”; and
(b) the insertion after “bank” of
““charging entity” means an entity listed in the First
Schedule;”.
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of a principal under an agency agreement;”; and
(b) the insertion after “bank” of
““charging entity” means an entity listed in the First
Schedule;”.
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Act 1089 Electronic Transfer Levy (Amendment) Act, 2022
Date of Gazette notification: 29th December, 2022.
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