Luxury vehicle levy to take effect from January 2019

Luxury vehicle levy to take effect from January 2019

- Stickers for the Luxury Vehicle Levy (LVL) is set to be issued in January 2019.

- This is a Driver and Vehicle Licensing Authority (DVLA) initiative to collect levies on behalf of the Ghana Revenue Authority (GRA)

The Driver and Vehicle Licensing Authority (DVLA) is set to release specialised stickers for the Luxury Vehicle Levy (LVL) in January 2019.

Speaking at a press briefing, Deputy Minister of Information, Pius Enam Hadzide said the move was to enable an easy identification of vehicles that have complied with the law.

According to him, the levy was to be paid on the registration of vehicles and subsequently on or before the annual renewal of the roadworthy certificate of such vehicles, with engine capacities listed above.

Luxury vehicles

Source: Supplied
Source: UGC

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Hadzide said DVLA would begin issuing the specialised stickers for the LVL beginning January 2019 for easy identification of vehicles that have complied.

Hadzide explained that it was an offence for anybody to change or replace their engine in an attempt to outwit DVLA and officials of the Customs Division of the Ghana Revenue Authority (GRA).

The information minister said the LVL stickers were of the same shape and size like the normal roadworthy stickers except that they were printed in three different colors according to the three designations LVL1, LVL2, and LVL3 which were to be issued according to the category of vehicles that pay the levy

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He however added that tractors, ambulances, commercial vehicles that had the capacity to transport more than ten persons, commercial vehicles for the transport of goods and other motor vehicles that the minister may by legislative instrument, would be exempted from the LVL.

On August 1, 2018 the law imposing an annual tax on vehicles with high capacity engines dubbed "Luxury Vehicle Levy" was passed with the DVLA collecting a levy ranging from GHȻ1,000 to GHȻ2,000 on behalf of the Ghana Revenue Authority (GRA)

The tax also affects vehicles of the listed capacities existing prior to the passage of the law.

No. Engine Capacity (CC) Levy (GH¢)

1. 2950cc to 3549cc - GH¢1,000

2. 3550cc to 4049cc - GH¢1,500

3. Above 4049cc - GH¢2,000

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Source: Yen.com.gh

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