Detailed explanation of Ghana Customs import and export taxes
Summary:Ghana's import and export tax policies are relatively complex and may change with policy adjustments. Therefore, before conducting specific import and export business, be sure to consult the Ghana Customs official or professional freight forwarder for the latest tax regulations.
Tax rate details
The main taxes levied on import and export goods in Ghana include: tariffs, value-added tax, and consumption tax
Tariffs
Tax rates: Ghana's tariff rates are determined based on the principle of
most-favored-nation treatment, and the import tariff rates for general goods are 0%, 5%, 10% and
25% respectively.
Preferential policies: Ghana may grant tariff preferences for certain specific
products or goods from specific countries, such as zero tariffs on machinery, complete sets of
equipment and their spare parts for agricultural use.
Rules of origin: The origin of the goods will affect the tariff rate, so an accurate certificate of origin is required.
Value-added tax
Tax rate: Ghana's value-added tax rate is 12.5%.
Tax scope: Except for the goods listed in the law that are exempt from
value-added tax, all other products, whether imported or locally produced, are subject to
value-added tax.
Input tax deduction: The input tax contained in legally purchased goods can be deducted when calculating output tax.
Consumption tax
Tax rate: The consumption tax rate varies according to the type of goods.
Generally speaking, high-end luxury goods are subject to higher consumption tax.
Tax scope: Mainly for specific consumer goods such as tobacco and alcoholic beverages.
Tax threshold
Ghana Customs may set different tax thresholds for different types of goods and different types of taxpayers. Generally speaking, small personal items or samples may be exempt from customs duties.
Other taxes and fees
In addition to the above-mentioned major taxes, Ghana Customs may also impose other fees, such as port fees, inspection and quarantine fees, etc.