DVLA out with ‘luxury vehicle license’ sticker in Jan 2019
The Driver and Vehicle Licensing Authority (DVLA) is set to release specialised stickers for the Luxury Vehicle Levy (LVL) in January 2019.
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Following the passage of the law imposing an annual tax on vehicles with high capacity engines dubbed "Luxury Vehicle Levy," which started August 1, 2018, the DVLA has been collecting a levy ranging from GHȻ1,000 to GHȻ2,000 on behalf of the Ghana Revenue Authority (GRA)
No. Engine Capacity (CC) Levy (GH¢)
1. 2950cc - 3549cc GH¢1,000
2. 3550cc - 4049cc GH¢1,500
3. 3 Above 4049cc GH¢2,000
This followed parliament’s approval of the tax proposed by the Finance Minister when he delivered the 2018 mid-year review budget.
The levy is to be paid on the registration of vehicles and subsequently on or before the annual renewal of the roadworthy certificate of such vehicles, with engine capacities listed above."
The tax also affects vehicles of the listed capacities existing prior to the passage of the law.
At the press briefing Sunday afternoon,
“As you may be aware the implementation of the LVL law is already in full force after Parliament passed the bill this year to impose an annual levy on vehicles with high engine capacities.”
"Let me indicate that it is an
Description of LVL Stickers
The LVL stickers are of the same shape and size like the normal roadworthy stickers except that they are printed in three different
Exemption from Levy
He explained the following motor vehicles are exempt from the Levy:
(a) Tractors;
(b) Ambulances;
(c) Commercial vehicles that have the capacity to transport more than ten persons;
(d) Commercial vehicles for the transport of goods; and
(e) Other motor vehicles that the Minister may by legislative instrument exempt.
Below is a copy of the full address by the Deputy Minister
Minister’s Press Briefings
Addressed by Hon. Pius Enam Hadzide (Deputy Minister)
Opening Remarks
Good afternoon and thank you once again for attending our Sunday briefing.
This afternoon there are three (3) briefs we have for you.
1. Galamsey fight continues even as Validated legal miners resume Monday 17th
2. More relief to Ghanaians as inflation and fuel prices continue to drop.
3. DVLA set to release
Galamsey fight continues...Only validated legal miners can resume Monday 17th
The fight against illegal mining popularly known as
Last Friday, The Inter-Ministerial Committee on Illegal Mining (IMCIM) announced the next phase of the fight against illegal and irresponsible mining which was commissioned under the leadership of President Akufo-Addo in March 2017. The focus was to
It is a comprehensive framework which continues to demonstrate the unprecedented levels of Political will, demonstrated by any administration in fighting this national canker.
The new framework allows
The list of compliant miners will be published in the electronic and print media this week of 17th-23rd
Having provided enough avenues for legal and responsible mining permit me to quote the Chairman of the IMCIM Prof. Kwabena Frimpong Boateng who expressed what Government does not expect moving forward;
“There should, therefore, be no logical reason why any person in Ghana should engage in illegal mining”.
Any person caught in illegal and irresponsible mining will be dealt with in accordance with law. Illegal
More relief to Ghanaians as inflation and fuel prices continue to drop.
The Akufo-Addo administration continues with efforts to further reduce the hardships of Ghanaians inherited upon
Inflation has seen a continued fall since January 2017. It has dropped from 15.4% in Dec 2016 and is now at a 6 year low of 9.3%.
What this means is that if in Dec 2016 the prices of goods and services was increasing at 15.4 % (Annual Progress Report, 2016), now through the policies of the administration, the rate of price increases has slowed down to 9.3% enabling Ghanaians to retain more money in their pockets and reduce their hardship.
Specifically, measures such as fiscal consolidation, monetary policy tightening, relative exchange rate stability
These prudent measures were again steadily implemented in
Although there were slight increases in the ensuing months after May, the managers were able to direct it back on track.
The most recent decline is the further reduction in
Fuel prices which have also been experiencing an uptick over a two month period have also been on a gradual decline in recent weeks. Indeed government expects a further drop in fuel prices by an average 5.8% reduction for petrol, 4.8% reduction for Diesel and 2.46% reduction for LPG. This is occasioned by the marginal strength of the cedi and prices around the world.
These reductions come on the back of various other interventions that have been designed to bring relief to the good people of Ghana including;
- Reduction in some 14 tax handles in 2017
- Reduction in electricity tariffs
- Reduction in taxes on petroleum products from 40 to 26%
- Taking up of senior high school fees by government
The administration is optimistic that the drop in inflation and fuel will
DVLA set to release
The Driver Vehicle Licensing Authority will begin issuing
As you may be
Vehicles with engine capacity of two thousand, nine hundred and fifty (2950) Cubic Centimeters and more are required to pay respective levies.
Imposition of Levy
No. ENGINE CAPACITY (CC) Levy (GH¢)
1 2950cc - 3549cc GH¢1,000
2 3550cc - 4049cc GH¢1,500
3 Above 4049cc GH¢2,000
The Driver and Vehicle Licensing Authority (DVLA) is authorized by the Law to collect the levy on behalf of Government.
Description of LVL Stickers.
The LVL stickers are of the same shape and size like the normal roadworthy stickers except that they are printed in three different
Exemption from Levy.
The following motor vehicles are exempt from the Levy:
(a) Tractors;
(b) Ambulances;
(c) Commercial vehicles that have the capacity to transport more than ten persons;
(d) Commercial vehicles for the transport of goods; and
(e) Other motor vehicles that the Minister may by legislative instrument exempt.
Let me indicate that it is an
I thank you all.
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