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GRA reverses discounts on FoB value of goods, home delivery value on cars from January 1

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The Ghana Revenue Authority (GRA) has said it is completely reversing the benchmark discount policy on goods and vehicles from January 1, 2023.

In a statement dated December 22, 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 November 24, 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”.

 

Source: classfmonline.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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