The Ghana Revenue Authority (GRA) has taken steps to implement the Luxury Vehicle Levy which has been passed by Parliament.
The levy imposes an annual levy on vehicles with high engine capacities.
A press statement issued by the Commissioner General of the Authority indicates that the implementation of the Levy takes effect from today Wednesday, 1st
August, 2018.
The Levy affects vehicles with engine capacity of two thousand, nine hundred and fifty
(2950) Cubic Centimeters and more. Owners of such vehicles are required to pay following levies:
1.Cars with engine capacity from 2950cc to 3549cc are to pay GHC 1000
2. Cars with engine capacity from 3550cc to 4049cc are to pay GHC 1500.
3. Cars with engine capacity above 4049cc are to pay GHC 2000.
According to statement, the levy shall be paid on
the registration of vehicles and subsequently on or before the annual
renewal of the roadworthy certificate of such vehicles.
The levy also applies to vehicles of the afore-mentioned engine capacities existing prior to the passage of the
Law.
The Authority has indicated that vehicles whose road worthiness certificates have already been renewed
prior to the passage of this Law in 2018 will pay the levy starting from
their next renewal date in 2019.
Source: GhanaJustice/F.Kyeremateng
