Q&A
:
Taxation
Are there tax holidays for industrial/manufacturing enterprises?
a) Manufacturing industries located in regional capitals other than
- Accra and Tema - 25 % rebate
- Elsewhere outside the regional capitals - 50% rebate
b) After the initial 5-year tax holiday period, agro-processing enterprises, which use local agricultural raw materials as their main inputs, shall have corporate tax rates fixed according to their location as follows:
- Accra-Tema – 20%
- Other Regional Capitals – 10%
- Outside Regional Capitals – 0%All over Northern, Upper East, Upper West Regions – 0%
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Does Ghana have Double Taxation Agreement with any country?
Yes. There are DTAs with France, The UK, Belgium, Italy, Germany and S.Africa. Ghana uses the instrumentality of Double Taxation Agreements to rationalize the tax obligations of investors who come from global tax sourced jurisdictions with a view to saving the affected investors from the incidence of double taxation by both their home governments and the host country. Ghana is committed to entering into DTAs with interested countries with the ultimate objective of freeing investment capital and thereby securing the investment capital from being eroded by the effects of taxation.
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