VALUATION OF VEHICLES
For
the purposes of levying taxes, the value of a vehicle shall be
deemed to be the HOME DELIVERY VALUE. DEPRECIATED as
shown below, with freight and insurance as stipulated under
section 90 of PNDC Law 330, 1993.
|
Where the age of a
used motor vehicle does not exceed six months |
The price shall be
deemed to be the First Purchase Price |
|
Where the age exceeds
six month but does not exceed one and a half years |
The price shall be
deemed to be eighty-five percent of the first purchase
price (This means, the car will be depreciated by
25%) |
|
Where the age exceeds
one and a half years but does not exceed two and a half
years |
The price shall be
deemed to be seventy percent of the first purchase price
(This means, the car will be depreciated by
30%) |
|
Where the age exceeds
two and a half years but does not exceed five years |
The price shall be
deemed to be sixty percent of the first purchase price
(This means, the car will be depreciated by
40%) |
|
Where the age exceeds
five years |
The price shall be
deemed to be fifty percent of the first purchase price.
(This means the car will be depreciated by
50%) |
INFORMATION ON
IMPORTATION OF VEHICLES. – RATE OF TAXES
These percentages
are calculated directly on the CIF value except the GCNET fee,
which is calculated on the FOB
|
TYPE OF VEHICLE |
IMPORT DUTY |
IMPORT VAT |
NHIL
|
EXM.FEE
|
ECOWAS LEVY |
EDIF |
GCNET FEE |
CYLINDER CAPACITY |
|
Ambulance |
Free |
Exempt |
Exempt |
1% |
0.5% |
0.5% |
0.4% |
N/A |
|
Motor car |
5% |
12.5% |
2.5% |
1% |
0.5% |
0.5% |
0.4% |
Of a cylinder
capacity not exceeding 1900 cc |
|
Motor car |
10% |
12.5% |
2.5% |
1% |
0.5% |
0.5% |
0.4% |
Of a cylinder
capacity exceeding 1900 cc but does not exceed 3000 cc |
|
Motor car
|
20% |
12.5% |
2.5% |
1% |
0.5% |
0.5% |
0.4% |
Of a cylinder
exceeding 3000 cc |
|
Vehicles designed to
carry ten (10) persons (e.g. buses and coaches) |
5% |
12.5% |
2.5% |
1% |
0.5% |
0.5% |
0.4% |
N/A |
|
Vehicles for
transport of goods such as trucks, tippers and lorries |
5% |
12.5% |
2.5% |
1% |
0.5% |
0.5% |
0.4% |
N/A |
|
Agricultural tractors
& equipment |
Free |
Exempt |
Exempt |
1% |
0.5% |
0.5% |
0.4% |
N/A |
|
|
|
|
|
|
|
|
|
|
