Ghana - Taxation





The basic corporate tax rate is 35% for all companies, except for income from nontraditional exports (8%) and hotels (25%). The capital-gains tax rate is about 5% and the tax rate on dividends is 10%. A personal income tax ranging from 5%, to 35% for foreign nationals and rich citizens is also levied. As of 30 December 1998, Ghana's sales tax of 15% was replaced by value-added tax (VAT) with a standard rate of 10%. As of 6 January 2000, the standard VAT rate was increased to 12.5%. Exempt from the VAT are vaccines, other specified drugs and salt. A salary tax of 5% on employees and 12.5% on employers finances the Social Security and National Insurance Trust pension program. There are also property (.05%) and excise taxes, and a 0-15% gift tax.

User Contributions:

Report this comment as inappropriate
Oct 23, 2011 @ 1:13 pm
My questions are as follows;
*What has been the position of the tax laws with the regard to the religious organization since the income tax was introduced in Ghana?
*What should be bases if assessing churches and leaders or pastor?
PLEASE ANSWER MY QUESTIONS AND SEND IT THROUGH MY EMAIL.

Comment about this article, ask questions, or add new information about this topic:

CAPTCHA


Ghana forum