Parliament is expected to pass the E-Levy amendment bill later today before the house rises for the Christmas break.
The amendment has become necessary as the government scrapped the 100 cedis daily threshold exemption and reduced the levy from 1.5% to 1%.
However, the minority in Parliament want the ghc100 threshold restored before they agree to the passage of the amendment.
The minority has vowed to resist the passage of the ghc100 threshold not restored.
But a concession by the government is likely to be reached this morning with the minority on their demand.
E-levy performed poorly during its initial implementation this year.
Data from the Finance Ministry indicated government accrued just over 6 per cent of its GH¢ 4.5 billion revised target in the first four months.
The government has accrued GH¢92.7 million from the controversial levy.
Out of a projected GH¢480 million for June, only GH¢52 million was raked in via the levy.
Courage Boti, an economist, said the trend was indicative of the unpopularity of the levy.
“That is why you see also people trying to avoid this tax, and tax avoidance is no crime.”
The government had hoped to rake in about GH₵6.9 billion from the collection of the levy on mobile money and other electronic transactions. Still, the figure was revised downwards to about GH₵4.5 billion following the delay in the passage of the e-levy bill.
The levy, which was initially pegged at 1.75 per cent on mobile money and other electronic transactions, was later reduced to 1.5 per cent following protests from various stakeholders.
Source: Mybrytnewsroom.com/Obed Ansah
