The Ghana Revenue Authority(GRA) is set to commence the collection of taxes on luxury cars from today [August 1, 2018].
A statement released by the Authority explained that the taxes will only affect cars with engine capacity above 2950 or 3.0 and above.
According to the statement, vehicles with engine capacity of 2950 to 3549 capacity will pay GHS1,000 cedis, while vehicles with engine capacity of 3550 to 4049 will pay GHS1,500.
Engine capacity above 4049 will pay GHS2,000 cedis.
The Finance Minister announced in the mid-year budget review that government intends to improve revenue mobilization through the policy.
Government is expected to raise about GHS300 million from the taxes on luxury vehicles.
Some economists are optimistic government will meet the target since it already has a database of such vehicles.
There’s nothing you can do for us; just give us electricity to save our collapsi...
Ghanaian media failing in watchdog duties — Sulemana Braimah
On any scale, Mahama can't match Bawumia — NPP Youth Organiser
Never tag me as an NPP pastor; I'm 'pained' the 'Akyem Mafia' are still in charg...
Your refusal to dedicate a project to Atta Mills means you never loved him — Kok...
2024 elections: I'm competent, not just a dreamer; vote for me — Alan
2024 elections: Forget NPP, NDC; I've the Holy Spirit backing me and nothing wil...
2024 elections: We've no trust in judiciary; we'll ensure ballots are well secur...
Performance tracker: Fire MCEs, DCEs who document Mahama's projects; they're not...
Train crash: Railway ministry shares footage of incident
