The 2022 budget was read with the inclusion of e-levy which seeks to tax all electronic transactions in the country from 2022 year and beyond. Reacting to this, the NDC Chairman for Jaman North constituency in the Bono Region, Mr Sah Abraham has stated that, the introduction of electronic Levy with outrageous percentage of 1.75 may retard the country’s digitization agenda due to the fact that, Ghanaians may choose traditional method of making financial transactions.
He explained that, Individual taxes on electronic transactions doesn’t exist anywhere in this world but there are always service charges which is determined by the service providers with taxes being charged by the government against the service providers at the end of their rendered services therefore, government decision to tax individuals on electronic transactions will result to double taxation since the service providers will also be taxed.
Mr Sah Abraham stressed that, if the 1.75 e-levy in the budget is approved by Parliament, the country’s digitization agenda will come to a halt because most Ghanaians are not willing to pay the said Levy hence there will be revisitation of traditional method of making financial transactions.
On the imposition of other taxes in the 2022 budget, Mr. Sah Abraham expressed that, overtaxing the ordinary Ghanaians may result to collapse of businesses of individuals who cannot afford to pay the tax and when it happens as such, the country may be in mess which will affect the economic and infrastructural growth of the country.
Source: : MyGhanaMedia.com / Kwaku Mensah Abrampa