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Tuesday, July 31, 2018
Parliament has adopted the tax on luxury vehicles
impose an annual levy on high-capacity vehicles.
Vehicles with a displacement of 2950 to 3549
Centimeters cubes wi
Accra, July 31, GNA – The implementation of
the law on the levy of luxury vehicles will begin Wednesday, August 1, 2018, a
statement from the Ghana Revenue Authority and copied to the Ghana News Agency
in Accra on Tuesday said.
Parliament pbaded the tax on luxury vehicles at
impose an annual levy on vehicles with high engine capacity.
Vehicles with a displacement from 2950 to 3549
Cubic Centimeters will be required to pay a fee of GH ¢ 1,000.00, those between
3,550 to 4,049 cubic centimeters pay 1,500.00 GH ¢ while above 4049cc the tax
s student at GH ¢ 2,000.00.
The statement stated that the driver and the vehicle
The License Authority (DVLA) is authorized by law to collect the levy
on behalf of the government.
"With effect from Wednesday, August 1
2018, the levy must be paid on the registration of vehicles and
at the latest the annual renewal of the certificate of fitness for
The declaration signed by the Commissioner General, GRA, states:
Tax is also levied on vehicles
cubic centimeters listed existing before the pbadage of the Law.
The statement says vehicles whose road
certificates of merit had already been renewed before the
Act in 2018 will pay the tax as of their next renewal date in 2019.
However, the following clbades of vehicles
are exempt from sampling tractors; ambulances; commercial vehicles that have
the ability to carry more than ten people; commercial vehicles for
haulage; and other exemptions prescribed by the Minister
finance manager.
GNA
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