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”.
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