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Ghana flag Ghana:

Presentation of Ghana : Taxation

Value added tax (VAT)
12.5%
Company Tax :
Corporate tax: 25%
Mining and upstream petroleum companies: 35%
Hotel companies: 22%
Companies engaged in non-traditional exports: 8%
Banks lending to the agricultural and leasing sectors: 20% (of income obtained from these loans)
National Fiscal Stabilisation Levy (NFSL)
Applies to: banks, financial institutions, insurance companies, telecommunications companies, breweries, shipping lines, maritime and airport terminals, mining support services companies, inspection and valuation companies: 5% of accounting profit before tax
Financial sector recovery levy (FSRL)
Applies to banks (other than rural or community banks): 5% of the profit before tax
Withholding Taxes :
Dividends: 8%, Interests: 0%/8%, Royalties: 15%.
Social Security Contributions Paid By Employers :
The employer must contribute 13% of an employee's basic salary to the Social Security and National Insurance Trust.
Other Domestic Resources
Ghana Revenue Authority
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.
 

Country Comparison For Corporate Taxation

  Ghana Sub-Saharan Africa United States Germany
Number of Payments of Taxes per Year 36.0 36.6 10.6 9.0
Time Taken For Administrative Formalities (Hours) 226.0 284.8 175.0 218.0
Total Share of Taxes (% of Profit) 55.4 47.3 36.6 48.8

Source: Doing Business - Latest available data.

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Latest Update: July 2022