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Import duties & taxes applicable on importation of the “PlayStation 5” (PS5) gaming console.
[A THREAD]
[A THREAD]
Before we start, a quick reminder that our “XBox” console lovers have not been left out at all.
This thread applies to the new “XBox Series X” gaming console as well.
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This thread applies to the new “XBox Series X” gaming console as well.
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Upon importation, because the PS5 gaming console is not exempt from import duties,
- import duty at the rate of 20% will apply.
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- import duty at the rate of 20% will apply.
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It doesn’t end there.
- VAT at the rate of 12.5%;
- National Health Insurance Levy (NHIL) at the rate of 2.5%; and
- GETFund Levy at the rate of 2.5%
will then follow.
These are computed on the value of the PS5 console plus the duties.
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- VAT at the rate of 12.5%;
- National Health Insurance Levy (NHIL) at the rate of 2.5%; and
- GETFund Levy at the rate of 2.5%
will then follow.
These are computed on the value of the PS5 console plus the duties.
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Next, because the PS5 console is being imported from outside the ECOWAS and African Union (AU) region, you should also be expecting to pay
- 0.5% ECOWAS Levy; and
- 0.2% AU Import Levy
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- 0.5% ECOWAS Levy; and
- 0.2% AU Import Levy
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Then we come to the other "possible" fees and charges (may vary)
- a 1% processing fee
- a GCNet Charge of 0.4%
- EXIM Levy of 0.75%
- DIC Fee of 1%
- 1% Income Tax Deposit (if you don't have a valid Tax Clearance Certificate)
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- a 1% processing fee
- a GCNet Charge of 0.4%
- EXIM Levy of 0.75%
- DIC Fee of 1%
- 1% Income Tax Deposit (if you don't have a valid Tax Clearance Certificate)
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Just when you thought you were done, the 2% Special Import Levy (SIL) also hits you.
Note: The SIL is expected to be phased out by December 2024
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Note: The SIL is expected to be phased out by December 2024
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So there we have it (at a high level).
- The reality at the port may vary slightly, but just so you have a fair idea that...
- Your $499.99 PS5 console won’t cost you exactly the Ghana Cedi equivalent should you decide to buy from your favourite console shop in Ghana
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- The reality at the port may vary slightly, but just so you have a fair idea that...
- Your $499.99 PS5 console won’t cost you exactly the Ghana Cedi equivalent should you decide to buy from your favourite console shop in Ghana
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Happy gaming everyone!
Now let’s resume the console wars:
- “PlayStation 5” or “XBox Series X”?
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Now let’s resume the console wars:
- “PlayStation 5” or “XBox Series X”?
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