The Ghana Revenue Authority (GRA) has announced the reversal of a 30% discount on import values of general goods.
It has also reversed the 10% discount on Home Delivery Value of vehicles effective January 1, 2023.
According to the GRA, the move to reverse these percentages us to reflect the government’s 2023 budget statement and economic policy.
The statement said, “following the budget statement and economic policy of the government of Ghana for the year ending 31st December 2023, dated 24th November 2022, the Ghana Revenue Authority (GRA) wishes to inform the trading public of the complete reversal of the 30% discount on import values of general goods and 10% discount on home delivery value (HDV) of used vehicles effective 1st January 2023.
The GRA also revealed that valuation of all goods will continue to be done in line with World Trade Organisation (WTO) valuation agreement.
“Valuation of all goods will continue to be done in line with the World Trade Organization (WTO) valuation agreement, WCO Customs valuation compendium and the Customs Act 2015 (Act 891) section 60 (used motor vehicles) and section 67 (general goods).
