Mobile Money agents meet GRA over proposed 10% tax on their earnings

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The information on a 10% duty expected to be paid by versatile cash specialists from their money out administrations has been met with resistance, as the specialists say the expense is being forced on them is inappropriate.

The public authority, in another mandate, has requested that telcos deduct a 10% duty from the money out help of MoMo specialists compelling first July 2021.

The specialists at a crisis meeting on Friday, June 25, 2021, said they can presently don’t bear any extra monetary duty on their tasks.

In a dispatch following the gathering, the Mobile Money Agents Association of Ghana (MMAG) said all endeavors to connect with the public authority and partners on the duty have not been fruitful.

Individuals from the affiliation were anyway ready to meet with authorities of the GRA on Tuesday 29th June 2021.

As indicated by them, they have been made to comprehend the duty won’t influence their overall revenues.

In a meeting with Citi Business News, Secretary of the affiliation, Evans Otumfuor said, they have likewise requested a suspension of the execution of the expense for additional schooling and partner interview.

“What we have mentioned for in the gathering is that they should allow with us some time span to additionally draw in with us. They should give us some time period to additionally draw in us and similarly draw in the whole portable cash people so we can best adjust ourselves to this new order. What’s more, for the record, we have been educated that the retention charge isn’t conclusive, despite the fact that you might be paying it, toward the year’s end, when you document your profits, and you understand that you have run at a misfortune, the law commands that you accompany evidence that you have made a misfortune and afterward your retention expense will be repaid into your business”.

He further uncovered that the GRA will spread the word about its choice on the solicitation for the suspension of the assessment by Thursday, first July 2021.

“We have proposed to them that the derivation of the assessment ought to be waiting, and we will get a reaction to them in the following two days”.