Any transfer to or from a mobile money wallet or from a bank account of a person will be subject to the tax. These include:
• Transfers done on the same mobile money network - For example sending money from your MTN MoMo wallet to another person's MTN MoMo wallet.
• Transfers from one mobile money network to a recipient on another network - For example, sending money from your MTN MoMo wallet to another person's TIGO Cash wallet.
• Transfers from bank accounts to mobile money wallets: For example, Kofi transfers money from his CBG bank account to Ama's MTN MoMo wallet.
• Transfers from mobile money accounts to bank accounts: For example, Esi transfers money from her MoMo wallet to Yaw's bank account.
• Bank transfers on an instant payment platform or application which originate from a bank account belonging to an individual: For example, Kwame transferring money from his Bank account to Akua's Bank account.
What transactions fall under the E-Levy?
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