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SALES TAX (FEES) REGULATIONS, 1974 (LI 964).

 

IN exercise of the powers conferred on the Commissioner responsible for Finance by section 16 of the Sales Tax Act, 1965 (Act 257), these Regulations are made this 23rd day of August, 1974.

Regulation 1—Imposition of Fee in Lieu of Sales Tax.

(1) Where the Comptroller is satisfied that it is in the public interest, he may in writing generally or specifically require any manufacturer of an article for which a wholesale value has been established by agreement between the Comptroller and himself, to pay, in lieu of the tax imposed under section 1 of the Sales Tax Act, 1965, a fee calculated at the rate of 10 per cent on such wholesale value, subject to such conditions as may be determined by the Comptroller, and such manufacturer, if so requested, shall pay such fee to the Comptroller.

(2) Where the Comptroller is satisfied that it is in the public interest, he may generally or specifically require any manufacturer of an article for which no wholesale value has been agreed upon between the Comptroller and himself to pay in lieu of the tax imposed under section 1 of the Sales Tax Act, 1965, a fee at the rate specified in the Schedule to these Regulations.

(3) Where a manufacturer pays a fee under this regulation and sells or otherwise disposes of such article to any person, such person shall not pay any further tax or fee under the Sales Tax Act, 1965 (other than the registration fee imposed by section 5 of that Act if liable to be paid), in respect of the sale or disposal of such article to any other person.

Regulation 2—Payment of  Fee.

The fees payable under regulation 1 shall be paid by the manufacturer to the Comptroller within such period as may be fixed by the Comptroller.

Regulation 3—Payment to be Specified in Invoice.

Where a fee has been paid under these Regulations, the fact of payment shall be specified in the appropriate invoice or other document by the person issuing such invoice or document.

Regulation 4—Revocation.

The Sales Tax (Fees) Regulations, 1973 (L.I. 840) are hereby revoked.

Regulation 5—Commencement.

These Regulations shall be deemed to have come into force on the 23rd day of August,1974.

SCHEDULE

FEES PAYABLE

(a) PETROLEUM PRODUCTS:

(1) Liquid Petroleum gas                                             0.01 per lb.

(2) Diesel fuel                                                            0.02 per gallon

(3) Fuel oil                                                                 0.03 per gallon

 

(b) EXCISABLE GOODS:

(1) Printed woven textile fabrics      0. 10 per square yard.       

(2) Cigarettes, children's footwear of leather or composition leather, salt, and other textile fabrics, viz. knitted fabric, grey unbleached, bleached, dyed and coloured woven fabrics; towels and towelling, aluminium and galvanised iron sheets, metal windows, louvres and doors.        5 per cent of the duty inclusive value.         

(3) All other excisable goods           7  per cent of the duty inclusive value.    

 

(c) OTHER MANUFACTURED GOODS:

(1) Cement                                                5 per cent of the selling price.

(2) Iron rods                                              7 per cent of the selling price.

(3) Other                                                   11   per cent of the selling price.

 

COLONEL I. K. ACHEAMPONG

Commissioner Responsible for Finance

Date of Gazette Notification: 23rd August, 1974.

 

 

 

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