International trade is a pivotal element of any economy, serving as a cornerstone in regulating the flow of goods and services across national borders. At a global level, the complexities of international trade, customs, and excise have gained heightened importance, commanding attention from taxpayers, policymakers, and revenue authorities alike.
While it offers avenues for strategic tax planning, it concurrently exposes taxpayers to substantial risks in jurisdictions where comprehending legal requirements, adhering to diverse regulations, and accommodating evolving prerequisites are paramount.
Hence, a nuanced understanding of the tax-related risks coupled with the implementation of effective mitigation measures is imperative. This is particularly crucial given that alterations in tariff structures, trade agreements, and policies can potentially influence trade patterns and broader economic dynamics.
International Trade, Customs and Excise Regulation in Ghana
The Ghana Revenue Authority (GRA), an authority established under the Ghana Revenue Authority Act, 2009 (Act 791) by the Parliament of the Republic of Ghana, is responsible for the collection of taxes, fees and levies including customs and excise duties on goods.
The Customs Division of the Ghana Revenue Authority is responsible for handling the international trade, customs and excise activities in Ghana. Additionally, the Customs Division of the GRA is responsible for preventing smuggling and carrying out non-revenue functions such as enforcing laws concerning import and export restrictions and prohibitions.
Our International Trade, Customs and Excise Service Value Proposition
As a member of the KPMG Global Trade and Customs Services Network, we have a global outreach of experience and a network of over 800 professionals in 80 countries. This diverse team stands ready to guide taxpayers in uncovering cost-saving opportunities across the globe while effectively managing compliance risks associated with complex supply chains and global trade operations.
This provides us with access to resource-based solutions worldwide, including sourcing for the requisite technical support from across KPMG and regular training on excise, customs, and trade trends via webcast or attending conferences. This, coupled with direct access to international trade industry specialists worldwide, ensures that our strategies remain at the forefront of industry advancements.
We perform multi-country trade, customs, and excise assignments as one team. Operating as a cohesive team, our diverse pool of multi-skilled technical specialists enables us to develop and deliver practical, holistic business solutions tailored to meet specific needs and objectives.
We take pride in consistently delivering value to our clients, ensuring that our solutions are not only fit for purpose but also highly relevant in the ever-evolving landscape of global trade, customs, and excise services.
What we offer
We collaborate closely with our clients to enhance the value and efficiency of their business, offering a comprehensive range of services, including:
We specialize in establishing and maintaining streamlined cross-border operations, strategically managing costs to uphold a competitive edge.
Our team facilitates seamless interaction with entities such as the Ghana Revenue Authority (GRA) and other relevant authorities and organizations, ensuring a smooth regulatory process.
We are dedicated to guaranteeing compliance with local laws and regulations associated with cross-border trade, providing clients with confidence and reliability in their international operations.
Tailoring our approach, we customise trade processes and controls to align with the unique needs of each business unit, company, or industry, optimising efficiency and effectiveness.
Recognizing the complexities of cross-border business, we specialize in identifying and mitigating risk issues, offering proactive strategies to safeguard our clients’ interests and ensure smooth international business transactions.
This comprehensive suite of services is designed to address diverse needs in the realm of international trade, customs, and excise, offering tailored solutions to optimize efficiency, effectiveness, enhance compliance, and unlock strategic value for businesses.
Our Insights
Our people
