Prime News Ghana

GRA announces complete reversal of discount on FOB value of goods, vehicles from January 1, 2023

By Primenewsghana
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The Ghana Revenue Authority (GRA) have completely reversed the benchmark discount policy on goods and vehicles effective January 1, 2023.

In a statement dated 22 December 2022 and signed by Ag Commission, Customs Division, Iddrisu Iddisa Seidu, the GRA notified its command centres to start implementing the complete reversal of the discount on the Free-on-Board (FOB) value of general goods and Home Delivery Value (HDV) on vehicles from New Year’s Day.

This means importers will no more enjoy a 10% discount on vehicles and a 30% discount on all other goods from 2023.

The order was titled: ‘Complete reversal of the discount on FOB value of general goods and HDV of vehicles effective 1 January 2023’.

Referencing the budget and economic policy of the government of Ghana for the year ending 31 December 2023, dated 24 November 2022, the notice said the attached Commission-General’s Order (CGO) is hereby released for implementation, effective 1 January 2023.

“All sector commanders are to ensure that copies are made available to their officers and other stakeholders”, it said, adding: “Officers are advised to take note of the content of the order and apply the provisions, accordingly”.

It said: “Any difficulties encountered in the application of the directives should be communicated to the Commissioner for clarification”.