Special Petroleum Tax (Amendment) Act, 2018 (Act 965)

ARRANGEMENT OF SECTIONS

1. Section 2 of Act 879 amended

2. Schedule to Act 879 amended

LONG TITLE

AN ACT to amend the Special Petroleum Tax Act, 2014 (Act 879) to provide for a change from ad valorem rate on the ex-depot price of petroleum products listed in the Schedule to a specific rate of tax per litre or kilogramme corresponding to each of the petroleum products listed in that Schedule and to provide for related matters.

DATE OF ASSENT

15th February, 2018.

ACT

1. Section 2 of Act 879 amended

The Special Petroleum Tax Act, 2014 (Act 879) referred to in this Act as the "principal enactment" is amended by the substitution for section 2, of

2. "Rate of tax

The rate of the tax is the specific rate per litre or kilogramme specified in the Second Column of the Schedule corresponding to the petroleum product specified in the First Column of that Schedule.".

2. Schedule to Act 879 amended

The principal enactment is amended by the substitution for the Schedule, of

"SCHEDULE (section 2) - SPECIFIC RATE PER LITRE OR KILOGRAMME OF PETROLEUM PRODUCTS

PETROLEUM PRODUCT	TAX RATE PER LITRE OR KILOGRAMME (GHp)
PETROL	46
DIESEL	46
LIQUEFIED PETROLEUM GAS	48
NATURAL PETROLEUM GAS	35
KEROSENE	39