No Result
View All Result
Sunday, June 11, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Let’s remain optimistic – Otuo Siriboe to Ghanaians

    South Africa congratulates Ghana on IMF deal, Ofori- Atta pledges speedy economic recovery

    Ghana returns to gold top spot as output jumps 32%

    Ghana Hotels Association to petition PURC over tariff increment

    CBOD laments adverse impact of gold for oil policy on bulk oil distributors

    Pensioner Bondholders justify decision to petition CHRAJ over interest

    We are poised to eradicate poverty through SEED initiative – SSNIT

    Govt aims to transform fishing industry with new aquaculture centre

    Maiden Ghana Automotive Summit set for June 27

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Telcos, BoG to collaborate to retrieve locked funds on MoMo accounts – Ursula

    Update your records or have your names expunged – ORC tells businesses

    Ghana is the best destination for investment in West Africa – Bawumia

    African leaders urged to push for electronic cars over combustible automobiles 

    Modify old trade conventions to favor local printing firms – AGI tells govt

    Publish gold-for-oil policy document to improve transparency – Dr. Manteaw

    Re-consider computation of VAT for local industries- AGI tells govt

    IMF proposes acquisition, mergers of banks to mitigate financial sector instability

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

  • TECHNOLOGY

    #CitiBusinessFestival: Go digital to increase customer reach – Businesses told

    #CitiBusinessFestival: Trust ecosystem needed to minimize e-commerce fraud – Benedict Bentil

    Citi Business Festival: Forum on Digital Economy comes off today

    Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    WTO Chief urges African governments to increase trade, agric investment

    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Let’s remain optimistic – Otuo Siriboe to Ghanaians

    South Africa congratulates Ghana on IMF deal, Ofori- Atta pledges speedy economic recovery

    Ghana returns to gold top spot as output jumps 32%

    Ghana Hotels Association to petition PURC over tariff increment

    CBOD laments adverse impact of gold for oil policy on bulk oil distributors

    Pensioner Bondholders justify decision to petition CHRAJ over interest

    We are poised to eradicate poverty through SEED initiative – SSNIT

    Govt aims to transform fishing industry with new aquaculture centre

    Maiden Ghana Automotive Summit set for June 27

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Telcos, BoG to collaborate to retrieve locked funds on MoMo accounts – Ursula

    Update your records or have your names expunged – ORC tells businesses

    Ghana is the best destination for investment in West Africa – Bawumia

    African leaders urged to push for electronic cars over combustible automobiles 

    Modify old trade conventions to favor local printing firms – AGI tells govt

    Publish gold-for-oil policy document to improve transparency – Dr. Manteaw

    Re-consider computation of VAT for local industries- AGI tells govt

    IMF proposes acquisition, mergers of banks to mitigate financial sector instability

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

  • TECHNOLOGY

    #CitiBusinessFestival: Go digital to increase customer reach – Businesses told

    #CitiBusinessFestival: Trust ecosystem needed to minimize e-commerce fraud – Benedict Bentil

    Citi Business Festival: Forum on Digital Economy comes off today

    Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    WTO Chief urges African governments to increase trade, agric investment

    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Scrapped 1% special import levy takes full force

bycitibusinessnews
April 3, 2017
in Government, Local Economy, Top Stories
Emmanuel Kofi Nti - Commissioner General, GRA

Emmanuel Kofi Nti - Commissioner General, GRA

Share on FacebookShare on TwitterShare on Whatsapp

Effective Friday (March 31, 2017), importers of products affected by the 1 percent special import levy will no longer pay any of such charges.

It comes on the back of the implementation of the tax cuts announced in the 2017 budget.

A statement from the Ghana Revenue Authority (GRA) therefore directed the various customs and port officials to be guided by the implementation guidelines.

ADVERTISEMENT

The 1 percent special import levy was among the eight taxes abolished by the NPP government.

Among the reviewed taxes was the reduction in the special petroleum tax from 17.5 to 15 percent.

The news on the tax cuts was met with much appreciation by traders of spare parts at Abossey Okai, which is the spare parts hub in Accra.

Per the latest directive from the GRA, machinery and equipment for aircrafts and hydraulic turbines, water where to buy cheap accutane wheels and regulators with power not exceeding 10,000 megawatts, have been exempted from the 1 percent special import levy.

Also, educational, cultural or scientific materials, fishing gear, machinery, plant, apparatus and spare parts for agricultural purposes will be imported free of the import levy.

Meanwhile the excise duty on distilled and mineral water (17.5%), spirits (25%), tobacco products (17.5%), self adhesive plates (10%) are still in force.

According to the GRA, the excise duty for such products will be calculated on the Cost, Insurance and Freight (CIF) and shall be paid at the point of entry.

Nonetheless, all goods imported for the use of the President of Ghana, government of Ghana contracts, all goods imported for the official use of any diplomatic mission, are still exempted from the payment of the excise duty.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

Related Posts

Local Economy

Let’s remain optimistic – Otuo Siriboe to Ghanaians

bycitibusinessnews

Chairman of the Council of State, Nana Otuo Siriboe II has called upon Ghanaians to maintain a sense of optimism...

Read more

South Africa congratulates Ghana on IMF deal, Ofori- Atta pledges speedy economic recovery

Ghana returns to gold top spot as output jumps 32%

CBOD laments adverse impact of gold for oil policy on bulk oil distributors

Pensioner Bondholders justify decision to petition CHRAJ over interest

We are poised to eradicate poverty through SEED initiative – SSNIT

Govt aims to transform fishing industry with new aquaculture centre

Next Post

Busy4G champions youth agenda

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.