Electronic tax

Ghanaian lawmakers trade punches over electronic tax bill: TV360 Nigeria

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Chaos reigned in the Ghanaian parliament when some lawmakers traded blows during the vote on the electronic transaction tax bill.

The chaos began after opposition MPs rushed to prevent Vice President Joseph Osei Owusu from leaving his seat to vote.

Parliamentarians reportedly tried to prevent the speaker from voting, arguing that based on House rules he was supposed to be neutral.

The proposed levy represents 1.75% of the value of electronic transactions and is expected to come into effect in February 2022.

The opposition National Democratic Congress (NDC) rejected the proposed 1.75% levy on electronic transactions, which includes mobile payments.

He says it will reach people with low incomes and those outside the formal banking sector.

But Finance Minister Ken Ofori-Artta said it was necessary to widen the tax net, arguing that it could raise an additional 6.9 billion Ghanaian cedi ($ 1.15 billion; 870 million pounds sterling) next year.

The parliamentary session began Monday morning and ended after midnight, reports the local newspaper.

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