Tax Rates
Access the latest tax rates to ensure accurate calculations and compliance.
WHT Rates
| RATE INFORMATION | |||||||||||
| Resident | Non-Resident (from Country which does not have Double Tax Treaty/Agreement with Ghana) | NON-RESIDENT - COUNTRIES WITH DTA WITH GHANA | |||||||||
| Type of PAYMENY | RATE | Final WHT? | Type of PAYMENY | RATE | Final WHT? | Type of PAYMENY | RATE | Final WHT? | |||
| GOODS | 3.0% | No | MANAGEMENT AND TECHNICAL SERVICE FEES | 20.0% | Yes | BELGIUM - DIVIDENDS | 5.0% | yes | |||
| SERVICES | 7.5% | No | GOODS | 20.0% | Yes | BELGIUM - INTEREST | 10.0% | yes | |||
| WORKS | 5.0% | No | SERVICES | 20.0% | Yes | BELGIUM - ROYALTIES | 10.0% | yes | |||
| BRANCH PROFITS | 0.0% | No | WORKS | 20.0% | Yes | BELGIUM - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes | |||
| DIVIDEND | 8.0% | Yes | BRANCH PROFITS | 8.0% | Yes | CZECH REPUBLIC - DIVIDENDS | 6.0% | yes | |||
| ENDORSEMENT FEES | 10.0% | Yes | DIVIDEND | 8.0% | Yes | CZECH REPUBLIC - INTEREST | 10.0% | yes | |||
| INTEREST | 8.0% | No | ENDORSEMENT FEES | 20.0% | Yes | CZECH REPUBLIC - ROYALTIES | 8.0% | yes | |||
| DIRECTORS FEES | 20.0% | No | NON-RESIDENT ENTERTAINER PAYMENTS | 20.0% | Yes | CZECH REPUBLIC - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes | |||
| COMMISSIONS TO INSURANCE, SALES OR CAVASSING AGENTS | 10.0% | No | NON RESIDENT LOTTERY WINNINGS | 10.0% | Yes | DENMARK - DIVIDENDS | 5.0% | yes | |||
| COMMISSION TO A SALES AGENT | 10.0% | No | PETROLEUM SUBCONTRACTOR FINAL (NON-RESIDENT) | 15.0% | Yes | DENMARK - INTEREST | 8.0% | yes | |||
| FEES TO PART TIME TEACHERS, LECTURERS EXAM INVIGILATORS AND SUPERVISORS | 10.0% | Yes | PREMIUMS TO NON RESIDENT INSURERS | 5.0% | Yes | DENMARK - ROYALTIES | 8.0% | yes | |||
| INTEREST INDIVIDUALS | 1.0% | Yes | DIRECTORS FEES | 20.0% | Yes | DENMARK - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes | |||
| COMMISSIONS TO LOTTO RECEIVERS OR AGENTS | 10.0% | No | INTEREST INCOME (EXCLUDING INDIVIDUALS) | 8.0% | Yes | FRANCE - DIVIDENDS | 7.5% | yes | |||
| PETROLEUM SUBCONTRACTOR | 7.5% | No | GENERAL INSURANCE PREMIUM | 5.0% | Yes | FRANCE - INTEREST | 10.0% | yes | |||
| UNPROCESSED PRECIOUS MINERALS | 1.5% | No | FRANCE - ROYALTIES | 10.0% | yes | ||||||
| LOTTERY WINNINGS | 10.0% | No | FRANCE - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes | ||||||
| ROYALTY, NATURAL RESOURCE PAYMENTS | 15.0% | No | GERMANY - DIVIDENDS | 5.0% | yes | ||||||
| RENT NON-RESIDENTIAL | 15.0% | Yes | GERMANY - INTEREST | 10.0% | yes | ||||||
| RENT | 8.0% | Yes | GERMANY - ROYALTIES | 8.0% | yes | ||||||
| MANAGEMENT AND TECHNICAL SERVICE FEES | 0% | No | GERMANY - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes | ||||||
| REALISATION OF ASSETS AND LIABILITIES | 3% | No | ITALY - DIVIDENDS | 5.0% | yes | ||||||
| ITALY - INTEREST | 10.0% | yes | |||||||||
| ITALY - ROYALTIES | 10.0% | yes | |||||||||
| ITALY - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes | |||||||||
| MAURITIUS - DIVIDENDS | 7.0% | yes | |||||||||
| MAURITIUS - INTEREST | 7.0% | yes | |||||||||
| MAURITIUS - ROYALTIES | 8.0% | yes | |||||||||
| MAURITIUS - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes | |||||||||
| MOROCCO - DIVIDENDS | 5.0% | yes | |||||||||
| MOROCCO - INTEREST | 10.0% | yes | |||||||||
| MOROCCO - ROYALTIES | 10.0% | yes | |||||||||
| MOROCCO - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes | |||||||||
| NETHERLANDS - DIVIDENDS | 5.0% | yes | |||||||||
| NETHERLANDS - INTEREST | 8.0% | yes | |||||||||
| NETHERLANDS - ROYALTIES | 8.0% | yes | |||||||||
| NETHERLANDS - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes | |||||||||
| SINGAPORE - DIVIDENDS | 7.0% | yes | |||||||||
| SINGAPORE - INTEREST | 7.0% | yes | |||||||||
| SINGAPORE - ROYALTIES | 7.0% | yes | |||||||||
| SINGAPORE - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes | |||||||||
| SOUTH AFRICA - DIVIDENDS (At least 10% shares) | 5.0% | yes | |||||||||
| SOUTH AFRICA - DIVIDENDS (less than 10% shares) | 15.0% | yes | |||||||||
| SOUTH AFRICA - INTEREST | 5.0% | yes | |||||||||
| SOUTH AFRICA - INTEREST | 10.0% | yes | |||||||||
| SOUTH AFRICA - ROYALTIES | 10.0% | yes | |||||||||
| SOUTH AFRICA - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes | |||||||||
| SWITZERLAND - DIVIDENDS | 5.0% | yes | |||||||||
| SWITZERLAND - INTEREST | 10.0% | yes | |||||||||
| SWITZERLAND - ROYALTIES | 8.0% | yes | |||||||||
| SWITZERLAND - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes | |||||||||
| UNITED KINGDOM - DIVIDENDS | 7.5% | yes | |||||||||
| UNITED KINGDOM - INTEREST | 12.5% | yes | |||||||||
| UNITED KINGDOM - ROYALTIES | 12.5% | yes | |||||||||
| UNITED KINGDOM - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes | |||||||||
| yes | |||||||||||
| BELGIUM - DIVIDENDS (Less than 10% shares) | 8% | yes | |||||||||
| DENMARK - DIVIDENDS (Less than 10% shares) | 8% | yes | |||||||||
| FRANCE - DIVIDENDS (Less than 10% shares) | 8% | yes | |||||||||
| GERMANY - DIVIDENDS (Less than 10% Shares) | 8% | yes | |||||||||
| ITALY - DIVIDENDS (less than 10% shares) | 8% | yes | |||||||||
| MOROCCO - DIVIDENDS (Less than 10% shares) | 8% | yes | |||||||||
| NETHERLANDS - DIVIDENDS (Less than 10% shares) | 8% | yes | |||||||||
| SINGAPORE - DIVIDENDS (less than 10% Shares) | 7% | yes | |||||||||
| SWITZERLAND - DIVIDENDS (Less Than 10% shares) | 8% | yes | |||||||||
| UNITED KINGDOM - DIVIDENDS (Less Than 10% shares) | 8% | yes | |||||||||
| Note: For DTA countries, where the local rate is lower than the DTA rate, the local reate is used | |||||||||||
VAT Rates
| Standard Rates | |||||||
|---|---|---|---|---|---|---|---|
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| NHIL | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| GETFund | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| Codvid-19 | 1% | 1% | 1% | 1% | 1% | 1% | 1% |
| Total Levies | 0 | 0 | 0 | 0 | 0 | ||
| Standard VAT | 12.50% | 12.50% | 12.50% | 12.50% | 15.00% | 15.00% | 15.00% |
| CST (this is add on to only Communication Services) | 9% | 5% | 5% | 5% | 5% | 5% | 5% |
| Real Estate & Property Sale/Lease | |||||||
| FLAT Rate | |||||||
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Codvid-19 | 1% | 1% | 1% | 1% | 1% | ||
| Total Levies | 0 | 0 | 0 | 0 | 0 | ||
| FLAT VAT | 3% | 3% | 3% | 3% | 3% | 3% | 3% |
| Landed Property and Estate Developers | |||||||
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Codvid-19 | Nil | Nil | Nil | Nil | 1% | 1% | 1% |
| Total Levies | Nil | Nil | Nil | Nil | 0 | 0 | 0 |
| Nil | Nil | Nil | Nil | 5% | 5% | 5% | |
| 5% | 5% | ||||||
PAYE Rates
| MONTHLY PAYE RATES | |||||||
| Chargeable Income | GHS | Rate | Tax | Cum | Cum Tax | ||
| First | 490.00 | 0 | 0 | 490.00 | 0 | ||
| Next | 110.00 | 5% | 5.5 | 600 | 5.5 | ||
| Next | 130.00 | 10% | 13 | 730 | 18.5 | ||
| Next | 3,166.67 | 17.50% | 554.16725 | 3896.67 | 572.66725 | ||
| Next | 16,000.00 | 25% | 4000 | 19896.67 | 4572.66725 | ||
| Next | 30,520.00 | 30% | 9156 | 50416.67 | 13728.66725 | ||
| Exceeding | 50,416.67 | 35% | |||||
| ANNUAL PAYE RATES | |||||||
| Chargeable Income | GHS | Rate | Tax | Cum | Cum Tax | ||
| First | 5880 | 0 | 0 | 5880 | 0 | ||
| Next | 1320 | 5% | 66 | 7200 | 66 | ||
| Next | 1560 | 10% | 156 | 8760 | 222 | ||
| Next | 38000 | 17.50% | 6650 | 46760 | 6872 | ||
| Next | 192000 | 25% | 48000 | 238760 | 54872 | ||
| Next | 366240 | 30% | 109872 | 605000 | 164744 | ||
| Exceeding | 605000 | 35% | |||||
CIT Rates
| CORPORATE TAX RATES | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SECTION | NO | Company | Tax holiday/Concession period (if any) | Tax Rate | Tax Rate after Holiday/Concession period | |||||||||
| A. - Generael | 1 | Chargeable income of a venture capital. | 10 years | 5% | 25% | CODE NAME | CODE | |||||||
| 2 | Free zone developers/ enterprises for the first ten years of operation. | N/A | Exempt | 15% for Export 25% for local sales | Profit or Loss before tax | 1002 | Profit or Loss before tax | |||||||
| 3 | Free zone developers/enterprises after concessionary period for sale outside the domestic market | N/A | 15% | 15% for Export 25% for local sales | Tax Credit | 1003 | Tax Credit | |||||||
| 4 | Hotel industry | N/A | 22% | Depreciation | 1004 | Depreciation | ||||||||
| 5 | Financial institutions that provide loan to leasing Companies | N/A | 20% | Interest and Penalties | 1005 | Interest and Penalties | ||||||||
| 6 | Income from lottery operations | N/A | 20% | WDV of PPE in the financials | 1006 | WDV of PPE in the financials | ||||||||
| 7 | Financial institutions that provide loan for agriculture | N/A | 20% | GSL Payments | 1007 | GSL Payments | ||||||||
| 8 | Companies engaged in the export of non-traditional products | N/A | 8% | Tax Payments | 1008 | Tax Payments | ||||||||
| 9 | Privately-owned universities that plough back 100% of profit after tax (This excludes state-owned or State-sponsored educational institutions) | N/A | Exempt | Exempt | Accumulated Depreciation | 1101 | Accumulated Depreciation | |||||||
| 10 | Cattle Ranching (Farming) | 10years | 5% | 25% refer to rates for agro processing at Section B | Asset additions | 1102 | Asset additions | |||||||
| 11 | Tree Cropping (e.g. Coffee, Oil Palm, Shea-Butter and Coconut) | 10years | 5% | 25% refer to rates for agro processing at Section B | Asset disposals | 1103 | Asset disposals | |||||||
| 12 | Livestock Excluding Cattle and Poultry | 5 Years | 5% | 25% refer to rates for agro processing at Section B | Repair and maintaince | 1104 | Repair and maintaince | |||||||
| 13 | Fish Farming, Poultry and Cash Crops | 5 Years | 5% | 25% refer to rates for agro processing at Section B | Equity | 1050 | Equity | |||||||
| 14 | Cocoa by-product business conducted wholly in the country | 5 Years | 5% | 25% refer to rates for agro processing at Section B | Debt (to related party) | 1060 | Dedt | |||||||
| 15 | Agro-Processing – Converting Fish, Livestock into Edible Canned Products (conducted wholly in the country) | 5 Years | 5% | 25% refer to rates for agro processing at Section B | Exchange gain | 1201 | Realised exchange gain | |||||||
| 16 | Cocoa Farming | Exempt | Exempt | Exempt | ||||||||||
| 17 | Waste Processing (Including Plastics and Polythene) | 7 Years | 5% | 25% | Exchange gain - Unrealised | 1202 | Unrealised exchange gain | |||||||
| 18 | Real Estate (Certified Low-Cost Housing) | 5 Years | 5% | 25% | Exchange loss - realised | 1203 | Realised exchange loss | |||||||
| 19 | Rural Banks | 10 Years | 5% | 25% | Exchange loss - unrealised | 1204 | Unrealised exchange loss | |||||||
| B. - Location Incentive - Agr-processing | This is for Agro Processing Companies after the concessionary period. Agro-processingbusiensses which use local agricultural raw materials as their main inputs continues to enjoy reduced corporate tax rates according to location of their business: | Exchange difference (gain or loss) between two local entites | 1205 | Don't use this code if either entity has approval to trade in foreign currency; eg banks, O&G and Mining Companies | ||||||||||
| 20 | Accra & Tema | N/A | 20% | Provisions | 1301 | Provisions | ||||||||
| 21 | Other Regional Capitals | N/A | 15% | Amortisation for Decomissionin (Balance Sheet) | 1302 | Amortisation for Decomissionin (Balance Sheet) | ||||||||
| 22 | Outside Regional Capitals | N/A | 10% | Amortisation for Decomissionin (P/L) | 1303 | Amortisation for Decomissionin (P/L) | ||||||||
| 23 | Northern Sannah Ecological zone | N/A | 5% | Other Provision and Amortisation (Balance Sheet) | 1304 | Other Provision and Amortisation (Balance Sheet) | ||||||||
| Other Provision and Amortisation (P/L) | 1305 | Other Provision and Amortisation (P/L) | ||||||||||||
| C. - Location incentive - Manufacturing | Manufacturing companies outside Accra and Tema, would enjoy location-specific incentives as indicated below: | Provisions for Bad Debt (P/L) | 1306 | Provisions for Bad Debt (Balance Sheet) | ||||||||||
| 24 | All regional capitals except Accra and Tema | N/A | 18.75% | Provisions for Bad Debt (Balance Sheet) | 1307 | Provisions for Bad Debt (Balance Sheet) | ||||||||
| 25 | Outside regional capitals | N/A | 12.50% | Bad debts | 1308 | Bad debts | ||||||||
| Donations | 1309 | Donations | ||||||||||||
| Other income | 1401 | Other income | ||||||||||||
| Other non-allowable expenses | 1601 | Other non-allowable expenses | ||||||||||||
| Other non allwable expenses in allowable ledgers | 1310 | Other Non Allowable transaction in tax code 1501 but these specific transactions not allowable for tax purposes | ||||||||||||
| Allowable transactions | 1501 | All Other transaction on the TB which are generally allowable. Where there are specific transactions in this ledger which are non-allowable, add them as line item on the TB and assign tax code 1306 | ||||||||||||
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