Use of CPC 40D21 – Tax payment for goods and vehicles previously entered under tax reliefĢ. (d) Above seven (7) years but not exceeding ten (10) years of usage from time of entry: Sixty percent (60%)(e) Above ten (10) years of usage from time of entry: Seventy percent (70%)Įffective Thursday 20th January 2022, the use of 40D21 will have the following work flow to ensure smooth implemented of the order:ġ. (c) Above five (5) years but not exceeding seven (7) years of usage from time of entry: Fifty percent (50%) (b) Above two (2) years but note exceeding five (5) years of usage from time of entry: Twenty percent (20%)
(a) Note exceeding two (2) years of usage from time of entry: Ten percentage (10%) Where goods and vehicles at the time of clearance for Home Consumption had been relieved from payment of duties and taxes and are subsequently, upon application, to be used contrary to the conditions for the relief, the tax liability at the time of entry shall be depreciated as follows: Implementation of Tax Assessment of Goods and Vehicles Relieved from Payment of Duty and Taxes at the Time of Importation for Special Purpose/ FunctionaryĬommissioner-General’s Order (CGO) 2020/01 of 2nd January 2020
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