Ghana Tax Fact Registry

No. Ordinary employment-income and PAYE rules apply.

No. A licensed Free Zone developer or enterprise has an initial ten-year exemption. Afterward, the current rates are 15% on export income and 25% on domestic-market income.

No general exemption arises merely from GSE trading. The specific statutory exemption ended after 31 December 2021, so the current asset-gain rules must be applied.

No. Sections 89 and 90 prescribe different computations.

No. The 2023 amendment replaced the former 1% Sixth Schedule concessionary rate with 5%. A qualifying Free Zone developer or enterprise has an express exemption for its first ten years and is treated under that distinct rule.

No. Relief depends on the approved operation, classification, process, use and records. Unauthorised diversion can trigger assessments.

The premiums specified in section 90 are excluded from income under the life-business computation.

Its written constitution must prohibit party-political activity, party support and use of its platform for party politics.

The legal conditions control, and sector-specific licences, certification, commencement dates, location and income tracing must be supported.

Yes. A licensed Free Zone enterprise may sell within the domestic-market share authorised under the regime. Goods entering Ghana's national customs territory are treated as imports and must follow the applicable Customs process and bear the applicable duties and taxes.

A professional with formal qualifications is excluded from PTI and PTT and must use MCB or standard taxation as applicable.

No. Specified unstamped products displayed, sold or distributed are exposed to seizure and the responsible person may face the statutory consequences.

No. The activity category and business-size classification must be administered correctly; a taxpayer should not select a lower band merely because it is cheaper.

Current GRA guidance says a person must not be VAT-registered to qualify for modified taxation. The modified-cash-basis provision in the Second Schedule does not repeat that exclusion in the same terms, so a VAT-registered individual should confirm the applicable basis with GRA before relying on modified cash basis.

Not merely by commercial agreement. Any transfer or change of use must be authorised by the law and the applicable approval.

The annual allowance itself is claimed in its relevant year. Any resulting business loss is governed separately by the income-tax loss rules.

An ordinary partnership does not pay income tax on its chargeable income; the income or loss is allocated to partners. A partnership classified as a company requires different treatment.

No. The exemption must be authorised and approved through the framework required by Act 1083 and the relevant tax law.

Yes. Allocated partnership income or loss retains its character as to type and source.

Not automatically. Each levy has its own charge and can expressly apply regardless of an income-tax holiday or concession.

No. Income tax, VAT, withholding and any sector levy are separate layers.

Not automatically. The owner must still meet any registration, record and annual-return obligations that apply to the full business and taxpayer profile.

No. The particular tax, item, quantity, period, purpose and approval conditions must all be satisfied.

No. It sets the maximum domestic share but does not remove approvals, declarations, duties, taxes or other conditions.

Disposal consideration is applied under the statutory pool or specialised operation rules and can reduce a pool or create an assessable balancing amount.

Capital-allowance expenditure is placed in a separate pool for each mineral or petroleum operation and allowed at 20% straight line.

GRA currently publishes *222# as a mobile payment channel for Vehicle Income Tax, together with its other authorised payment processes.

It is an additional deduction of 10%, 30% or 50% of qualifying salaries and wages, depending on fresh graduates as a percentage of the workforce.

It is allocated by the partner's percentage interest in partnership income under the partnership arrangement, subject to the statutory rules and the Commissioner-General's power to intervene for good cause.

An unrelieved business loss may be used in the five years of assessment following the loss year, subject to source, continuity, ownership, ring-fencing and specialised sector rules.

The headline Free Zones concession is ten years from commencement of operation, subject to the statutory and licensing conditions.

The statutory quarterly amounts range from GHS 3 to GHS 45, depending on activity category and business-size classification.

Class B2 has an annual rate of GHS 480 and a quarterly rate of GHS 120.

Class A2 taxis and private taxis have an annual rate of GHS 48 and a quarterly rate of GHS 12.

No. Section 57 exempts the distribution in the beneficiary's hands.

A gain paid by a resident insurer is exempt; a gain paid by a non-resident insurer is included in income.

Yes. Section 56 of Act 896 makes a trust separately liable.

No. Accounting depreciation is added back. Capital allowance is the tax deduction for qualifying depreciable assets.

No. Accounting depreciation is added back in the tax computation. A qualifying company deducts capital allowance under the Third Schedule for depreciable assets it owns and uses in producing business income.

No. Section 97 expressly removes business income from the charitable-income exemption.