|
Act 886
THE EIGHT HUNDRED AND
EIGHTY-SIXTH
ACT
OF THE PARLIAMENT OF THE
REPUBLIC OF GHANA
ENTITLED
CUSTOMS AND EXCISE (PETROLEUM
TAXES AND PETROLEUM RELATED
LEVIES) (AMENDMENT) ACT, 2014 (
ACT 886)
AN ACT to amend the Customs and
Excise (Petroleum Taxes and
Petroleum Related Levies) Act,
2005 (Act 685) to provide for a
change from ad valorem rate of
duty to specific excise duty
rate on petroleum products and
for related matters.
DATE OF ASSENT: 31stDecember,
2014.
PASSED by Parliament and
assented to by the President:
First Schedule to Act 685
amended
"..,
The Customs and Excise
(Petroleum Taxes and Petroleum
Related Levies) Act, 2005 (Act
685) is amended by the
substitution for the First
Schedule of
•••
Act 886
CUSTOMS AND EXCISE (PETROLEUM
TAXES AND PETROLEUM RELATED
LEVIES) (AMENDMENT) ACT, 2014
"First Schedule
(sections
1, 2, 3, and 4)
|
No. |
Petroleum Product
|
Tax rate |
|
1. |
Premium |
2.7800 GHp/litre
|
|
2. |
Gas Oil |
1.8000 GHp/litre
|
|
3. |
Residual Fuel Oil
|
3.2094 GHp/litre
|
|
4. |
Unified Gasoline
|
2.7800 GHp/litre
|
|
5. |
Kerosene |
1.0375 GHp/litre
|
|
6. |
Liquefied Petroleum Gas
(L.P.G) |
0.7246 GHp/litre
|
|
7. |
Marine Gas Oil (Local)
|
0.2945 GHp/litre".
|
Date of Gazette
notification: 31 st December,
2014.
GPCL, ASSEMBLY PRESS, ACCRA.
GPCLlA7191l,lOO1l2/2014
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