According to GIPC Act 865 (2013) Section 26 (1), “An enterprise registered by the Centre is entitled to the benefits and incentives that are applicable to an enterprise of a similar nature under the Internal Revenue Act, 2000 (Act 592), Value Added Tax Act, 1998, (Act 546) and Under Chapters 82,84,85, and 98 of the Customs Harmonized Commodity and Tariff Code Schedule to the Customs, Excise and Preventive Service (Management) Act, 1993 (P.N.D.C L.330) and any other relevant law.

(2) An enterprise whose plant, machinery, equipment or parts of the plant, machinery or equipment are not zero-rated under the Customs Harmonized Commodity and Tariff Code schedule to the customs Exercise and Preventive Service management Act, 1993 (PNDCL 330) may submit an application for exemption from import duties and related charges on the plant, machinery or equipment or the parts of the plant, machinery or equipment to the Centre for onward submission to the Minister responsible for Finance

(3) The Centre shall before submitting a request for exemption to the Minister responsible for Finance determine whether the request will facilitate changes in technology and promote the specialized use of machinery, equipment or other items necessary for the establishment and operation of the enterprise”.

Companies are therefore encouraged to register and renew their registration (every two years) with the Centre to be able to enjoy these benefits.

For further information contact investor.services@gipc.gov.gh  You can also visit our website www.gipcghana.com or follow our social media handles @gipcghana on Twitter and Instagram and @ghanagipc on Facebook for more investment updates.

Source: GIPC Corporate Affairs