View source for Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089)

==ARRANGEMENT OF SECTIONS==
:1. Section 1 of Act 1075 amended
:2. Sections 3A and 3B inserted
:3. Section 10 of Act 1075 amended

==PURPOSE==
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.

==ACT==

====1. 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
:"(1) There is imposed by this Act, an Electronic Transfer Levy of 1% on electronic transfers."


====2.Sections 3A and 3B inserted====
The principal enactment is amended by the insertion after section 3, of
:'''"3A. Filing of returns'''
: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.

:'''"3B. Payment of Levy'''
: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.


====3. Section 10 of Act 1075 amended====
The principal enactment is amended in section 10
:(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;".