Implementation of the removal on reduction of value on imports begins today
Effective today, Tuesday, January 4, 2022, the Ghana Revenue Authority (GRA) will begin the implementation of government’s policy directive on the reversal of the reduction of values of imports on 43 selected items tomorrow, Tuesday, January 4, 2022.
The GRA explained that the ‘benchmark values’, will affect the selected items from all the three categories on which the reversal was applied.
A statement issued by the GRA said the items to be affected include the home delivery value of vehicles, goods on which benchmark values are applied and all other goods.
This means the Home Delivery Value of vehicles will no longer be discounted by 30%.
“In line with the reversal, a series of engagements have been had with relevant stakeholders with the aim of reaching a consensus on the implementation of the policy. In all 43 items on the list have been affected by the review”, the statement explained.