Home   >   Business   >   Economy   >   201807
Govt Imposes Tax On Luxury Cars   
  << Prev  |  
Comments ( 13 )     Email    Print
Related Stories
Finance Minister, Ken Ofori-Atta has disclosed that all luxury cars in the country will be attracting tax to meet fiscal deficit target.

He said this while presenting the mid-year budget review in Parliament, Thursday.

According to him, "we are converting the NHIS 2.5% to a straight levy of 2.5%; Converting GETFUND of 2.5% to the straight levy of 2.5%. VAT will thus be maintained at 12.5%..." adding, there wll be an "imposition of luxury vehicle tax of GHS1,000 – GHS2,000 on non-commercial vehicles with capacity of 3.0 litres and above.”
Source: Peacefmonline.com

Comments ( 13 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.