Business News of Sunday, 16 December 2018Source: Graphic.com.ghDVLA out with ‘luxury vehicle license’ sticker in January 2019play videoDeputy Minister of Information, Pius Enam HadzideThe Driver and Vehicle Licensing Authority (DVLA) is set to release specialised stickers for the Luxury Vehicle Levy (LVL) in January 2019. 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 GH?1,000 to GH?2,000 on behalf of the Ghana Revenue Authority (GRA)No. 3 Above 4049cc GH¢2,000This followed parliament’s approval of the tax proposed by the Finance Minister when he delivered the 2018 mid-year review budget. The tax also affects vehicles of the listed capacities existing prior to the passage of the law. At the press briefing Sunday afternoon, Mr Pius Hadzide said DVLA will begin issuing the specialised stickers for the Luxury Vehicle Levy (LVL) beginning January 2019 for easy identification of vehicles that have complied.

Source: GhanaWeb December 16, 2018 15:00 UTC