TAX RATE

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Tax Rate

DESCRIPTIONSHS CODEIMPORT DUTYIMPORT VATNHILECOWAS LEVYEDIFPRO.FEEGCNET FEE
Auto spare parts870899000010%12.50%2.50%0.50%0.50%1%0.40%
Industrial Generator85016400000%0%0%0.50%0.50%1%0.40%
Clothing630900000020%12.50%2.50%0.50%0.50%1%0.40%
Shoes630900000020%12.50%2.50%0.50%0.50%1%0.40%
Computer84716000000%12.50%2.50%0.50%0.50%1%0.40%
Printer84716000000%12.50%2.50%0.50%0.50%1%0.40%
Photo copier900911000010%12.50%2.50%0.50%0.50%1%0.40%
Scanner84716000000%12.50%2.50%0.50%0.50%1%0.40%
Fax machine851721000010%12.50%2.50%0.50%0.50%1%0.40%
Television852812190010%12.50%2.50%0.50%0.50%1%0.40%
Dvd852190000020%12.50%2.50%0.50%0.50%1%0.40%
Sound system852731000020%12.50%2.50%0.50%0.50%1%0.40%
Microwave851650000020%12.50%2.50%0.50%0.50%1%0.40%
Laminator84401000000%0%0%0.50%0.50%1%0.40%
Computer speaker851829000020%12.50%2.50%0.50%0.50%1%0.40%
Deep fryer851679000020%12.50%2.50%0.50%0.50%1%0.40%
Air conditioner841510000020%12.50%2.50%0.50%0.50%1%0.40%
Pressing851640000020%12.50%2.50%0.50%0.50%1%0.40%
Sewing machine845210000010%12.50%2.50%0.50%0.50%1%0.40%
Lathe machine84589900000%0%0%0.50%0.50%1%0.40%
Drilling machine84592900000%0%0%0.50%0.50%1%0.40%
Electric pan851679000020%12.50%2.50%0.50%0.50%1%0.40%
Rice cooker851679000020%12.50%2.50%0.50%0.50%1%0.40%
Fridge841829000010%12.50%2.50%0.50%0.50%1%0.40%
Floor tile690890000010%12.50%2.50%0.50%0.50%1%0.40%
Electric socket/plugs853669000010%12.50%2.50%0.50%0.50%1%0.40%
Tap fittings848180000010%12.50%2.50%0.50%0.50%1%0.40%
Oil paint320990200020%12.50%2.50%0.50%0.50%1%0.40%
Wc691090000010%12.50%2.50%0.50%0.50%1%0.40%
Door lock830140000010%12.50%2.50%0.50%0.50%1%0.40%
Padlock830110000010%12.50%2.50%0.50%0.50%1%0.40%
Energy saving lamp85393300000%0%0%0.50%0.50%1%0.40%
Elec. Fitting940540000020%12.50%2.50%0.50%0.50%1%0.40%
Wax print520851100020%12.50%2.50%0.50%0.50%1%0.40%
Educational books49019990000%0%0%0.50%0.50%1%0.40%
Soaps340120000020%12.50%2.50%0.50%0.50%1%0.40%
Swivel chair940130000020%12.50%2.50%0.50%0.50%1%0.40%
Washing machine845020000020%12.50%2.50%0.50%0.50%1%0.40%
Wood planer machine84659200000%0%0%0.50%0.50%1%0.40%
Band saw machine84659100000%0%0%0.50%0.50%1%0.40%
Mitre saw84659100000%0%0%0.50%0.50%1%0.40%
Agricultural machine parts843680000010%12.50%2.50%0.50%0.50%1%0.40%
Antimalarials drugs30049000100%0%0%0.50%0.50%1%0.40%
Oral dehydration salt (ORS)30049000100%0%0%0.50%0.50%1%0.40%
Other pharmaceutical products300110000010%12.50%2.50%0.50%0.50%1%0.40%
Fertilizers31010000000%0%0%0.50%0.50%1%0.40%
Jewellery171300000020%12.50%2.50%0.50%0.50%1%0.40%
Hand tools820100000010%12.50%2.50%0.50%0.50%1%0.40%
Other lifting, handling, loading or unloading machinery84280000000%0%0%0.50%0.50%1%0.40%
Self ? propelled bulldozers,8429000000 8430000000 84310000000%0%0%0.50%0.50%1%0.40%
Other machinery8432000000 8433 ? 8451, 8453 ? 8466 8474,8477 - 84800000000
Pianos and other string musical instruments9202 ? 92090%0%0%0.50%0.50%1%0.40%
Arms & ammunitions9301 ? 930720%12.50%2.50%0.50%0.50%1%0.40%
Toys, games and sports requisites: parts & accessories9501 ? 950820%12.50%2.50%0.50%0.50%1%0.40%

Formula For Calculating Customs Duties and Taxes.

CIF Value multiply by Tax Rate (eg 20%) = Import Duty

CIF Value plus Import Duty multiply by 12.5% = Import Vat

CIF Value multiply by 2.5% = National Health Insurance Levy (NHIL)

CIF Value multiply by 0.5% = Ecowas Levy

CIF Value multiply by 0.5% = Export Development And Investment Fund (EDIF)

CIF Value multiply by 1% = Processing or Examination Fee

FOB Value multiply by 0.4% = Ghana Community Network (GCNET FEE)

GCNET Fee multiply by 12.5% = Net Vat)

GCNET Fee multiply by 2.5% = NHlL

Ghana Shippers Council Fee = 5.00 Cedis (FIXED)

Import Duty plus Import Vat Divided by 48 = Interest Charge

Interest charged is applicable after 4 days of arrival.L

Let’s see this practical illustration:

Mr. A. imported Rice Cookers which attracts 20% import tax into the country, he has an Invoice value broken down as follows (already converted into Gh Cedis): FOB 28,000.00, insurance 400 and freight 1,600.00. Total CIF value satisfy by customs, a division of Ghana Revenue Authority. = GHC 30,000.00

Based on the CIF value, please, advice Mr. A how much he is suppose to pay as customs duty:

 

Import duty (20%) on CIF 30,000 X 20% = 6,000.00

Import VAT (12.5%) on CIF 30,000.00 + import duty 6,000.00 =36,000.00 X 12.5% vat rate =4,500.00

NHIL (2.5%) on CIF 30,000.00 X 2.5% =750.00

Ecowas levy( 0.5%) on CIF 30,000.00 X 0.5% =150.00

Edif levy (0.5%) on CIF 30,000.00 X 0.5% =150.00

DIC processing fee (1%) on CIF 30,000.00 X 1% = 300.00

GCNET fee (0.4%) on fob 28,000.00 X 0.4% =112.00

GCNET VAT (12.5%) on GCNET fee 112 X 12.5% =14.00

GCNET NHIL (2.5%) on GCNET fee 112 X 2.5% = 2.80

Interest charge : import duty + import vat = 10,500 divided by 48 = 218.75

Shippers council fee = 5.00

IDF charge = 5.00

Total customs duty payable = GHC 12,207.55

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