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Customs and Excise (Petroleum Taxes and Petroleum
Related Levies) (Amendment) Act, 2013
Act 867
ARRANGEMENT OF SECTIONS
Section
1.
First Schedule to Act 685 amended
2.
Second Schedule to Act 685 amended
THE EIGHT HUNDRED AND SIXTY-SEVENTH
ACT
OF THE PARLIAMENT OF THE REPUBLIC OF GHANA ENTITLED
CUSTOMS AND EXCISE (PETROLEUM TAXES AND PETROLEUM
RELATED LEVIES) (AMENDMENT) ACT, 2013 (ACT 867)
AN ACT to amend the Customs and Excise (Petroleum
Taxes and Petroleum Related Levies) Act, 2005 (Act
685) to provide for a change from specific rate of
duty to ad valorem excise duty rate on specified
petroleum products, and to introduce new rates for
the Road Levy.
DATE OF ASSENT: 30th December, 2013
PASSED by Parliament and assented to by the
President:
First Schedule to Act 685 amended
1. The Customs and Excise (Petroleum Taxes and
Petroleum Related Levies) Act, 2005 (Act 685)
referred to in this enactment as the principal
enactment is amended by the substitution for the
First Schedule of
"First Schedule
(sections
1, 2,3, and 4)
|
No. |
Petrolewn Products |
Ad valorem duty rate |
|
1. |
Premium |
5.97% |
|
2. |
Gas Oil |
3.53% |
|
3. |
Residual Fuel Oil |
3.05% |
|
4. |
Unified Gasoline |
5.97% |
|
5. |
Kerosene |
0.85% |
|
6. |
Liquefied Petroleum Gas (L.PG.) |
0.33% |
|
7. |
Marine Gas Oil (Local) |
0.17%" |
Second Schedule to Act 685 amended
2.
The principal enactment is amended by the
substitution for the Second Schedule of
"Second Schedule
Road Levy
(section 5)
|
No. |
Product |
TAX RATE (GH¢/LITRE) |
|
1. |
Premium |
0.073231 |
|
2. |
Gas Oil |
0.073231 |
|
3. |
Unified Gasoline |
0.073231" |
Date of Gazette notification: 31st December,
2013.
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