ARRANGEMENT OF REGULATIONS
Regulation
I. Special priority areas
2)
Enterprises to apply
3)
Co-operation of other Public
Agencies and Authorities
4)
Assignability of approvals
5)
. Monitolingofprojects 6
6).
Sanctions
7)
Interpretation
8)
Commencement
SCHEDULE
GHANA INVESTMENT PROMOTION CENTRE
(PROMOTION OF TOURISM) INSTRUMENT,
2005
IN
EXERCISE OF
the powers conferred on the Board
of the Ghana Investment Promotion
Centre and with the approval of
the President under section 26 of
the Ghana Investment Promotion
Centre Act,
1994
(Act
478)
this Instrument is made this 30th
day of June, 2005.
Special priority areas
1.
Enterprises engaged in the
category of activities specified
in Part A of the Schedule to this
Instrument are hereby declared
areas 0 f special priority and
shall qualify for the benefits and
incentives specified in relation
to them in Part B of the Schedule.
Enterprises to apply
2. (I) Enterprises specified in
Part A of the Schedule to this
Instrument and in the category of
activities declared by the Board
of the Ghana Investment Promotion
Centre as special priority areas
shall qualify for the benefits and
incentives specified in relation
to them in Part B of the Schedule.
(2) The Board of the Centre shall
determine the fee to be paid for
an application.
Co-operation of other Public
Agencies and Authorities
3. Government departments,
agencies and other public
authorities shall cooperate fully
with the Centre in the
perf0I111anCe of its functions
under this Instrument and shall
not vary, by way of
interpretation, the benefits and
incentives specified in Part B of
the Schedule other than a duly
enacted Act of Parliament.
Assign ability of approvals
4. No approval given under this
instrument may be assigned, except
with the prior written consent of
the Centre.
Monitoring of projects
5. The Centre shall, in
conjunction with the Customs,
Excise and Preventive Service and
such other relevant government
agency or authority, monitor the
use and application of the
benefits and incentives granted
under Part B of the Schedule to
this Instrument.
Sanctions
6. (I) The Centre shall cancel
an approval whereby
(a)
the approval has been obtained on
the basis of fraud, deliberate or
negligent submission of false or
misleading facts or statements, or
(b) an approval has been
assigned without the prior written
consent of the Centre.
(2) Where an approved enterprise
(a)
app lies a benefit conferred by or
under this Instrument for purposes
other than those for which the
benefit was conferred,
(b)
fails without reasonable cause in
writing to submit a report
required under this Instrument
after thirty working days, where
written notice of the default has
been given, or
(c)
fails without reasonable cause to
commence operations within the
time stipulated in the approval;
the Centre may impose any of the
sanctions provided in
sub-regulation (3) of this
regulation.
(3) Where the Centre is satisfied
that an approved enterprise has
contravened any of the provisions
of sub-regulation (2), the Centre
may,
(a)
suspend or cancel the approval,
(b)
decide that the taxes and other
charges in respect of which
benefits were granted to the
enterprise shall be paid within
the time determined by the
Centre, or
(c)
recommend the application of
sanctions or penalties to the
Commissioner of Customs, Excise
and Preventive Service or the
Commissioner for Value Added Tax
for an act or omission which also
constitutes an offence under the
provisions of the Customs, Excise
and Preventive Service
(Management) Law, 1993 (P.N.D.C.L.
330) and the Value Added Tax Act
1998 (Act 546).
Interpretation
7. In this instrument unless the
content otherwise requires
"Centre" means the Ghana
Investment Promotion Centre.
Commencement
8. This instrument shall come into
force on the 10th Febmary,2006.
SCHEDULE
(Regulation I)
PART A
List of
Establishments and Instrument
Projects
PART B
Applicable Incentives and Benefits
1. Accommodation
(a)
Establishments.
including hotels, motels, resorts,
guest houses, catering rest
houses, seITiced Oats and
apartments, holiday apartments and
other accommodation establishments
as categorized and licensed by the
Ghana Tourist Board
(b)
Exemption from the payment of
customs import duties and other
related charges and Value Added
Tax on the following capital
equipment, machinery,
appliances, furniture and
fittings in the pre-approved
quantities to be used in
establishing the project:
(i)
refrigerators/deep freezers,
(ii) television sets.
(iii) audio visuals and
video equipment
(iv) air conditioners,
(v) public address system.
(vi) furnishing including carpets,
bedding and fixtures.
(vii) fans.
(viii) bedside & lounge audio
visuals and video equipment,
(xi) crockery,
(x) industrial Ovens. cooking ware
and cutlery,
(xi) computers, printers and
servers,
(xii) courtesy minibus, passenger
or transit vehicles and delivery
vans,
(xiii) fitness and healthcare
equipment, and
(xiv) office equipment.
Exemption from the payment of
customs import duties and other
related charges and Value Added
Tax on the pre-approved quantities
of knocked-down parts and
components and spare parts to be
used as replacements to the items
mentioned in Part A of this
Schedule.
(c)
Exemption from the payment of
corporate tax for the following
specified period: (i) five years
tax holiday for 2,3,4, and 5 star
hotels 0 r resorts in Accra,
(ii) seven years tax holiday for
2,3, 4, and 5 star hotel]s or
resorts located in regional
capitals,
(iii) ten years tax holiday for 2,
3, 4 and 5 star hotels or resorts
]0cated elsewhere,
(iv) four years tax holiday for
accommodation establishments
below 2 star in Accra or within a
radius of thirty kilometers from
Accra,
(v) five years tax holiday for
accommodation establishments
below 2 star located in regional
capitals or more than thirty
kilometers but less than hundred
kilometers from Accra General Post
Office, mKl
(vi) seven years tax holiday for
the same category elsewhere.
(d)
other relevant incentives or
benefits that are generally
applicable to enterprises under
the Ghana Investment Promotion
Centre Act 994, (Act 478).
Catering Establishments,
including fast food, specialized
restaurants a nd other catering
establishments as categorized and
licensed by the Ghana Tourist
Board.
(a)
Exemption from the payment of
customs import duties a nd other
r elated charges and Value Added
Tax on the following capita]
equipment, machinery, appliances,
furniture and fittings in the
pre-approved quantities to be used
in establishing the project:
(i)
air conditioners,
(ii) crockery and cutlery,
(iii) refrigerators/deep freezers,
(iv) furnishing including
carpets,
Travel and Tour Establishments
Including operation of a fleet of
tourist coaches and/or buses and
car hire services.
(v) industrial ovens, cooking ware
(industrial cookers, microwave
ovens, deep fryers),
(vi) computers, printers and
servers, (vii) public address
system,
(viii) television sets,
(i;'()
office equipment, and (x) delivery
vans
(b)
Exemption from the payment of
customs import duties and other
related charges and Value Added
Tax on the pre-approved
quantities of knocked-down parts
and components. and spare parts to
be used as replacements to the
items mentioned in Part A of this
schedule.
(c)
Exemption 1iom the payment of
cOlvorate tax for the following
specified periods:
(i)
three years tax holiday for
catering establishments situated
in Accra or within thirty
kilometers radius from Accra,
(ii) four years tax holiday for
the same facilities in regional
capitals, (iii) five years tax
holiday for the same facilities
located elsewhere.
(d)
other relevant incentives or
benefits that are generally
applicable to enterprises under
the Ghana Investment Promotion
Centre Act 1994, (Act478). I
(a)
Exemption from the payment of
customs import duties and other
related charges and Value Added
Tax on the fol1owing capital
equipment, machinery ,appliances,
furniture and fittings in the
pre-approved quantities to be used
in establishing the project:
(i)
cars and tourist coaches to be
used by operators,
(ii) air conditioners,
(iii) furnishing including
carpets, (iv) computers, printers
and servers, (v) office equipment
(vi) server for galileo system and
radio communication equipment.
(b)
Exemption from the payment of
customs import duties and other
related charges and Value Added
Tax on the pre-approved
quantities 0 f knocked-down parts
and components, and spare parts to
be used as replacements to the
items mentioned in Part A of this
Schedule.
(c)
Exemption from the payment of
corporate tax for the following
specified periods:
(i)
three years tax holiday for
enterprises situated in Accra or
within thirty (30) kilometers
radius from Accra,
(ii) four years tax holiday for
the same facilities in regional
capital. and
(iii) five years tax holiday for
the same facilities located
elsewhere,
(d)
Other relevant incentives or
benefits that are generally
applicable to enterprises under
the Ghana Investment Promotion
Centre Act, 1994 (Act 478).
Conference and Convention
Establishments,
including management and operation
of international conference
centers.
(a)
Exemption from the payment of
customs import duties and other
related charges and Value Added
Tax on the following capital
equipment, machinery,
appliances, furniture
and fittings in the pre approved
quantities to be used in
establishing the project:
(i)
cars and tourist coaches to be
used by operators,
(ii) air conditioners,
(iii) furnishing including
carpets, (iv) computers, printers
and servers,
(v) office equipment,
(vi) server for galileo system and
radio communication equipment.
(vii) audio visual and video
equipment.
(b)
Exemption from the payment of
customs import duties and other
related charges and Value Added
Tax on the pre-approved
quantities 0 f knocked-down parts
and components and spare parts to
be used as replacements to the
items mentioned in Part A of this
Schedule.
(c)
Exemption from the payment of
corporate tax for the following
specified periods;
(i)
three years tax holiday for
enterprises situated in Accra or
within thirty (30) kilometers
radius from Accra,
(ii) four years tax holiday for
the same facilities in regional
capitals,
(iii) five years tax holiday for
the same facilities located
elsewhere, and
(iv) other relevant incentives or
benefits that are generally
applicable to enterprises under
the Ghana Investment Promotion
Centre Act 1994. (Act 478).
Recreation and Entertainment
Establishments,
including nightclubs, amusement
centres, theme parks, casinos,
provision of facilities for hand
gliding and paragliding, water
skiing, surfing, yachting and
boating, cruising, angling and
other marine and water based
recreational facilities,
((/) Exemption from the payment of
customs import duties and other
related charges and Value Added
Tax on equipment specific to their
respective operations in addition
to the following capital
equipment, machinery, appliances,
furniture and fittings in the
pre-approved quantities to be u ed
in establishing the project:
(i)
air conditioners,
(ii) furnishing including carpets,
(iii) computers, printers and
servers,
(iv) office equipment,
(v) audio and video equipment, and
(vi) cars and vans to be used by
the operators and organisers.
(b)
Exemption from the payment of
customs import duties and other
related charges and Value Added
Tax on the pre-approved
quantities 0 f knocked-down parts
and components, spare parts, to be
used a s replacement to the items
mentioned in Part A of this
Schedule.
(c)
Exemption from the payment of
corporate tax for the following
specified periods:
(i)
three years tax holiday for
accommodation establishments
situated in Accra or within thirty
(30) kilometers radius from Accra,
(ii) four years tax holiday for
the same facilities ill regional
capitals, (iii) five years tax
holiday for the same facilities
located elsewhere, and
(d)
other relevant incentives or
benefits that are generally
applicable to enterprises under
the Ghana Investment Promotion
Centre Act 1994, (Act 478).
Strategic or Major Investment
Projects,
which shall be limited to any
other tourism project which the
Board, in consultation
with other relevant government
agencies, may determine to be of a
strategic or major investment
status on the basis of its
potential to significantly impact
on the following:
(i)
the level of investment in the
economy,
(ii) employment generation,
(iii) generation of further
investments through linkages with
other economic sectors,
(a)
The benefits and incentives to be
granted to the identified
strategic investor shall be as
negotiated by the Board of the
Ghana Investment Promotion Centre
and with the approval of the
President.
(iv) increases in tourist
arrivals and foreign exchange
earnings,
(v) the development of specialized
tourism ventures in areas such as
eco-tourism, heritage or cultural
tourism, historical or emotional
tourism and sports tourism,
(vi) the ability to market Ghana's
investment environment through the
attraction of strategic
investors,
(vii) the realization of Ghana's
branded image, and
(viii) such other objective as the
Board may consider relevant for
achieving the objects of this
instrument.
(h)
In the special case 0 f such
projects, the benefits and
incentives to be granted shall be
in addition to the benefits and
incentives already provided for
under this instrument and such
other relevant incentives or
benefits that are generally
applicable to enterprises under
the Ghana Investment Promotion
Centre Act 1994, (Act 478)
SIGNED BY PAUL VICTOR OBENG,
Chairman of the Ghana Investments
Promotion Centre
Date of Gazette
notification: 18th November, 2005.
Entry into force: 10th February,
2006.
GOVERNMENT PRINTER, ASSEMBLY
PRESS, ACCRA. GPCII05/300/2/2006
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