2018 Budget Review: Gov’t Imposes New Tax On Luxury Vehicles

Government is set to introduce a new levy on luxury vehicles with engine capacities of 3.0 litres and above.

This was disclosed by the Finance Minister Ken Ofori-Atta during the presentation of the mid-year budget review today (19th July,2018)

“Government proposes to introduce a luxury vehicle levy on vehicles with engine capacities of 3.0 liters and above. The levy will be paid on first registration and subsequently at annual renewal,” he said.

Mr Ofori-Atta was quick to add that commercial vehicles will not be included in the levy.

“Commercial vehicles will be exempted from this policy”.

Click here for full 2018 Mid-Year Budget Review