GRA to release list of zero-rated spare parts

The Ghana Revenue Authority (GRA) says it wil release a list of selected spare parts that are exempted from duties following the Customs (Amendment) Act, 2017.

Parliament passed the Customs (Amendment) Bill, 2017 last week to exempt imported vehicle spare parts from duty.

The Act will favour importers and consumers of both new and used spare parts. However, imported vehicle tyres are not covered and so will continue to attract duties.

Remove confusion

At the Ghana-German Economic Association (GGEA) forum in Accra, the Commissioner General of the GRA, Mr Emmanuel Kofi Nti, said the release of the list would resolve the confusion in people’s minds about which parts were eligible.

The event was on the theme, “Operationalising the recent tax reliefs as contained in the 2017 Budget and review of the Value Added Tax (VAT) Amendment Act 2017.”

Mr Nti explained that all spare parts came with a Harmonised System (HS) code whi