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(1) The value for determining the tax chargeable on taxable imports of goods is the import value calculated in accordance with section 29 to 35 of the Customs, Excise and Preventive
Service (Management) Act, 1993 (P.N.D.C.L. 330), with the addition of

(a) the import duties and taxes other than the tax; and

(b) the cost of insurance and freight which is not included in the customs value under this subsection.

(2) Subject to subsection (3), the value of an import of services is the amount of the consideration for the import.

(3) The value of the import of services is the open market value of the import of the services where

(a) an import of services is made for no consideration or for a consideration that is less than the open market value of that import, and

(b) the supplier and the recipient are related persons.

(4) Where a portion of the price of an import of services represents tax imposed by this Act that is not accounted for separately, the value of the import is the price reduced by an amount equal to the tax fraction multiplied by that price