Tax Regime And Investment

Tax Regime (Ghana Revenue Authority)

Tax Rates 

Corporate Tax

25%

Rent Tax

8%

Mineral Royalties

5%

VAT

15%

NHIL

2.5%

Hotels

22%

Financial Institutions- Income From Loan To Farming Enterprises/Lease Company

20%

Companies Engaged In Non- Traditional Export

8%

Companies Listed On The Stock Exchange

22%

 

Investment Incentives

Tax Holidays (From Start of Operation)

Sector

No. Of Years

Percentage (%) On Chargeable Income 

Real Estate (Certified Low Cost Housing)

5 Years

 1%

Rural Banks

10 Years

 1%

Cattle Ranching

10 Years

 1%

Tree Cropping (e.g Coffee, Oil Palm, Shea-Butter and Coconut)

10 Years

 1%

Livestock Excluding Cattle And Poultry

5 Years

 1%

Fish Farming, Poultry And Cash Crops

5 Years

 1%

Agro-Processing – Converting Fish, Livestock Into Edible Canned Products

5 Years

 1%

Waste Processing (Including Plastics and Polythene)

7 Years

 1%

Free Zones Enterprise/Development

10 Years

 0%

 

Locational Incentives (Tax Rebates)

a) Manufacturing industries located in:

 Accra and Tema

25%

 All other regional capitals

18.75%

Located outside regional capitals

12.50%

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 (except Northern, Upper East and Upper West Regional Capitals

15%

Outside Regional Capitals-

10%

Northern, Upper East and Upper West Regions (capitals and all other locations

5%

 

Exemptions

Industrial plant, machinery or equipment and parts thereof are exempted from customs import duty under the HS Codes chapter 82, 84, 85 and 98. An enterprise whose plant, machinery or equipment and parts are not zero rated under the Customs, Excise and Preventive Service Management Act, 1993 may submit an application for exemption from import duties and related charges on the plant, machinery or equipment or parts of the plant, machinery or equipment to the Centre. 

Investment Guarantees

  • Constitutional guarantee
  • Investment laws which guarantee 100% transfer profits, dividends, etc.
  • MIGA membership
  • Bilateral Investment Promotion Treaties (BITs)
  • Double Taxation Agreements (DTAs)