FINANCE

GHANA TAX SYSTEM

GHANA REVENUE AUTHORITY(GRA) – They are responsible for collecting, administering and enforcement of taxes.

TAXES IN GHANA

Personal income taxes

Corporate taxes

VAT

Property taxes

Withholding taxes(WHT)

Stamp duty

Gift taxes

Capital gain tax

-Other(to be updated).

Corporate taxes in Ghana is 25% rate; however there are different rate depending on the industry or sector.

Personal income tax – This is based on graduating rate. This is a progressive tax system

Capital gain tax is charged at 15% for some persons while there full or partial exemption for some people.

VAT is charged at 12.5 % standard rate while there are lower rate or exception for some business depending on there nature.

A. INTERNATIONAL TAX SYSTEM B.BUSINESS AND IT BOOKS C.TAX SOFTWARE

Disclaimer: Obi Azubuike is not by this publication(or post) acting as a professional advisers and therefore not liable for any damage whatsoever for your acting or refraining to act based on  this publication(post). Consult your professional for advice.