A major drawback of orthogonal frequency division multiplexing (OFDM) systems is their high peak-to-mean envelope power ratio (PMEPR). The PMEPR problem can be solved by adopting large codebooks consisting of complementary sequences with low PMEPR. In this paper, we present a new construction of polyphase complementary sets (CSs) using generalized Boolean functions (GBFs), which generalizes Schmidt's construction in 2007, Paterson's construction in 2000 and Golay complementary pairs (GCPs) given by Davis and Jedwab in 1999. Compared with Schmidt's approach, our proposed CSs lead to lower PMEPR with higher code-rate for sequences constructed from higher-order ($\geq 3$) GBFs. We obtain polyphase complementary sequences with maximum PMEPR of $2^{k+1}$ and $2^{k+2}-2M$ where $k,M$ are non-negative integers that can be easily derived from the GBF associated with the CS.