Tax Rates
Access the latest tax rates to ensure accurate calculations and compliance.
WHT Rates
Date Modified: 21st March 2025
| Resident | ||
|---|---|---|
| Type of PAYMENY | RATE | Final WHT? |
| GOODS | 3.0% | No |
| SERVICES | 7.5% | No |
| WORKS | 5.0% | No |
| BRANCH PROFITS | 0.0% | No |
| DIVIDEND | 8.0% | Yes |
| ENDORSEMENT FEES | 10.0% | Yes |
| INTEREST | 8.0% | No |
| DIRECTORS FEES | 20.0% | No |
| COMMISSIONS TO INSURANCE, SALES OR CAVASSING AGENTS | 10.0% | No |
| COMMISSION TO A SALES AGENT | 10.0% | No |
| FEES TO PART TIME TEACHERS, LECTURERS EXAM INVIGILATORS AND SUPERVISORS | 10.0% | Yes |
| INTEREST INDIVIDUALS | 1.0% | Yes |
| COMMISSIONS TO LOTTO RECEIVERS OR AGENTS | 10.0% | No |
| PETROLEUM SUBCONTRACTOR | 7.5% | No |
| UNPROCESSED PRECIOUS MINERALS | 1.5% | No |
| LOTTERY WINNINGS | 10.0% | No |
| ROYALTY, NATURAL RESOURCE PAYMENTS | 15.0% | No |
| RENT NON-RESIDENTIAL | 15.0% | Yes |
| RENT | 8.0% | Yes |
| MANAGEMENT AND TECHNICAL SERVICE FEES | 0% | No |
| REALISATION OF ASSETS AND LIABILITIES | 3% | No |
| Non-Resident (from Country which does not have Double Tax Treaty/Agreement with Ghana) | ||
| Type of PAYMENY | RATE | Final WHT? |
| MANAGEMENT AND TECHNICAL SERVICE FEES | 20.0% | Yes |
| GOODS | 20.0% | Yes |
| SERVICES | 20.0% | Yes |
| WORKS | 20.0% | Yes |
| BRANCH PROFITS | 8.0% | Yes |
| DIVIDEND | 8.0% | Yes |
| ENDORSEMENT FEES | 20.0% | Yes |
| NON-RESIDENT ENTERTAINER PAYMENTS | 20.0% | Yes |
| NON RESIDENT LOTTERY WINNINGS | 10.0% | Yes |
| PETROLEUM SUBCONTRACTOR FINAL (NON-RESIDENT) | 15.0% | Yes |
| PREMIUMS TO NON RESIDENT INSURERS | 5.0% | Yes |
| DIRECTORS FEES | 20.0% | Yes |
| INTEREST INCOME (EXCLUDING INDIVIDUALS) | 8.0% | Yes |
| GENERAL INSURANCE PREMIUM | 5.0% | Yes |
| REALISATION OF ASSETS AND LIABILITIES | 10.0% | Yes |
| ROYALTY, NATURAL RESOURCE PAYMENTS | 15.0% | Yes |
| GOODS (PURCHASED OFFSHORE - IMPORTED DUTIES ARE PAID) | 0.0% | Yes |
| NON-RESIDENT - COUNTRIES WITH DTA WITH GHANA | ||
| Type of PAYMENY | RATE | Final WHT? |
| BELGIUM - DIVIDENDS | 5.0% | yes |
| BELGIUM - INTEREST | 10.0% | yes |
| BELGIUM - ROYALTIES | 10.0% | yes |
| BELGIUM - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes |
| CZECH REPUBLIC - DIVIDENDS | 6.0% | yes |
| CZECH REPUBLIC - INTEREST | 10.0% | yes |
| CZECH REPUBLIC - ROYALTIES | 8.0% | yes |
| CZECH REPUBLIC - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes |
| DENMARK - DIVIDENDS | 5.0% | yes |
| DENMARK - INTEREST | 8.0% | yes |
| DENMARK - ROYALTIES | 8.0% | yes |
| DENMARK - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes |
| FRANCE - DIVIDENDS | 7.5% | yes |
| FRANCE - INTEREST | 10.0% | yes |
| FRANCE - ROYALTIES | 10.0% | yes |
| FRANCE - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes |
| GERMANY - DIVIDENDS | 5.0% | yes |
| GERMANY - INTEREST | 10.0% | yes |
| GERMANY - ROYALTIES | 8.0% | yes |
| GERMANY - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes |
| 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 | ||
Final WHT Rates
Date Modified: 21st March 2025
| Resident | ||
|---|---|---|
| Type of PAYMENY | RATE | Final WHT? |
| DIVIDEND | 8.0% | Yes |
| ENDORSEMENT FEES | 10.0% | Yes |
| FEES TO PART TIME TEACHERS, LECTURERS EXAM INVIGILATORS AND SUPERVISORS | 10.0% | Yes |
| INTEREST INDIVIDUALS | 1.0% | Yes |
| RENT NON-RESIDENTIAL | 15.0% | Yes |
| RENT | 8.0% | Yes |
| Non-Resident (from Country which does not have Double Tax Treaty/Agreement with Ghana) | ||
| Type of PAYMENY | RATE | Final WHT? |
| MANAGEMENT AND TECHNICAL SERVICE FEES | 20.0% | Yes |
| GOODS | 20.0% | Yes |
| SERVICES | 20.0% | Yes |
| WORKS | 20.0% | Yes |
| BRANCH PROFITS | 8.0% | Yes |
| DIVIDEND | 8.0% | Yes |
| ENDORSEMENT FEES | 20.0% | Yes |
| NON-RESIDENT ENTERTAINER PAYMENTS | 20.0% | Yes |
| NON RESIDENT LOTTERY WINNINGS | 10.0% | Yes |
| PETROLEUM SUBCONTRACTOR FINAL (NON-RESIDENT) | 15.0% | Yes |
| PREMIUMS TO NON RESIDENT INSURERS | 5.0% | Yes |
| DIRECTORS FEES | 20.0% | Yes |
| INTEREST INCOME (EXCLUDING INDIVIDUALS) | 8.0% | Yes |
| GENERAL INSURANCE PREMIUM | 5.0% | Yes |
| NON-RESIDENT - COUNTRIES WITH DTA WITH GHANA | ||
| Type of PAYMENY | RATE | Final WHT? |
| BELGIUM - DIVIDENDS | 5.0% | yes |
| BELGIUM - INTEREST | 10.0% | yes |
| BELGIUM - ROYALTIES | 10.0% | yes |
| BELGIUM - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes |
| CZECH REPUBLIC - DIVIDENDS | 6.0% | yes |
| CZECH REPUBLIC - INTEREST | 10.0% | yes |
| CZECH REPUBLIC - ROYALTIES | 8.0% | yes |
| CZECH REPUBLIC - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes |
| DENMARK - DIVIDENDS | 5.0% | yes |
| DENMARK - INTEREST | 8.0% | yes |
| DENMARK - ROYALTIES | 8.0% | yes |
| DENMARK - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes |
| FRANCE - DIVIDENDS | 7.5% | yes |
| FRANCE - INTEREST | 10.0% | yes |
| FRANCE - ROYALTIES | 10.0% | yes |
| FRANCE - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes |
| GERMANY - DIVIDENDS | 5.0% | yes |
| GERMANY - INTEREST | 10.0% | yes |
| GERMANY - ROYALTIES | 8.0% | yes |
| GERMANY - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes |
| 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 | ||
DTA Rates
Date Modified: 21st March 2025
| NON-RESIDENT - COUNTRIES WITH DTA WITH GHANA | |||
|---|---|---|---|
| Type of PAYMENY | RATE | Final WHT? | |
| BELGIUM - DIVIDENDS | 5.0% | yes | |
| BELGIUM - INTEREST | 10.0% | yes | |
| BELGIUM - ROYALTIES | 10.0% | yes | |
| BELGIUM - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes | |
| CZECH REPUBLIC - DIVIDENDS | 6.0% | yes | |
| CZECH REPUBLIC - INTEREST | 10.0% | yes | |
| CZECH REPUBLIC - ROYALTIES | 8.0% | yes | |
| CZECH REPUBLIC - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes | |
| DENMARK - DIVIDENDS | 5.0% | yes | |
| DENMARK - INTEREST | 8.0% | yes | |
| DENMARK - ROYALTIES | 8.0% | yes | |
| DENMARK - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes | |
| FRANCE - DIVIDENDS | 7.5% | yes | |
| FRANCE - INTEREST | 10.0% | yes | |
| FRANCE - ROYALTIES | 10.0% | yes | |
| FRANCE - TECHNICAL OR MANAGEMENT SERVICE FEES | 10.0% | yes | |
| GERMANY - DIVIDENDS | 5.0% | yes | |
| GERMANY - INTEREST | 10.0% | yes | |
| GERMANY - ROYALTIES | 8.0% | yes | |
| GERMANY - TECHNICAL OR MANAGEMENT SERVICE FEES | 8.0% | yes | |
| 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
Date Modified: 21st March 2025
| 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% | ||
| Total Levies | 6% | 6% | 6% | 6% | 6% | ||
| 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% |
| 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 REAL 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 |
| FLAT VAT | Nil | Nil | Nil | Nil | 5% | 5% | 5% |
PAYE Rates
Date Modified: 21st March 2025
| 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
Date Modified: 21st March 2025
| 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% |
| 2 | Free zone developers/ enterprises for the first ten years of operation. | N/A | Exempt | 15% for Export 25% for local sales |
|
| 3 | Free zone developers/enterprises after concessionary period for sale outside the domestic market | N/A | 15% | 15% for Export 25% for local sales |
|
| 4 | Hotel industry | N/A | 22% | ||
| 5 | Financial institutions that provide loan to leasing Companies | N/A | 20% | ||
| 6 | Income from lottery operations | N/A | 20% | ||
| 7 | Financial institutions that provide loan for agriculture | N/A | 20% | ||
| 8 | Companies engaged in the export of non-traditional products | N/A | 8% | ||
| 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 | |
| 10 | Cattle Ranching (Farming) | 10years | 5% | 25% refer to rates for agro processing at Section B | |
| 11 | Tree Cropping (e.g. Coffee, Oil Palm, Shea-Butter and Coconut) | 10years | 5% | 25% refer to rates for agro processing at Section B | |
| 12 | Livestock Excluding Cattle and Poultry | 5 Years | 5% | 25% refer to rates for agro processing at Section B | |
| 13 | Fish Farming, Poultry and Cash Crops | 5 Years | 5% | 25% refer to rates for agro processing at Section B | |
| 14 | Cocoa by-product business conducted wholly in the country | 5 Years | 5% | 25% refer to rates for agro processing at Section B | |
| 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 | |
| 16 | Cocoa Farming | Exempt | Exempt | Exempt | |
| 17 | Waste Processing (Including Plastics and Polythene) | 7 Years | 5% | 25% | |
| 18 | Real Estate (Certified Low-Cost Housing) | 5 Years | 5% | 25% | |
| 19 | Rural Banks | 10 Years | 5% | 25% | |
| 20 | Other financial Institution | n/a | 25.00% | ||
| 21 | Other businesses (The General Coporate Tax Rate) | n/a | 25.00% | Any other businesses than specified (service, transport etc) | |
| 22 | Export of Non- traditiona products | n/a | 8.00% | ||
| 23 | Petroleum (Please note that specific rate per Petroleum agreement will Apply) | n/a - Check with Petroleum Agreement | 35.00% | ||
| 24 | Mining (Please note that Specific rate per Agreement with Government will apply) | n/a - Check with Agreement with Government | 35.00% | ||
| 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: | ||||
| 25 | Accra & Tema | N/A | 20% | ||
| 26 | Other Regional Capitals | N/A | 15% | ||
| 27 | Outside Regional Capitals | N/A | 10% | ||
| 28 | Northern Sannah Ecological zone | N/A | 5% | ||
| C. - Location incentive - Manufacturing | Manufacturing companies outside Accra and Tema, would enjoy location-specific incentives as indicated below: | ||||
| 29 | All regional capitals except Accra and Tema | N/A | 18.75% | ||
| 30 | Outside regional capitals | N/A | 12.50% | ||
PIT Rates
Date Modified: 21st March 2025
| 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% | |||
We are trusted by more than 100 clients
Trusted by over 100 clients, we deliver reliable, efficient, and expert-driven tax solutions tailored to meet business needs, ensuring accuracy, compliance, and seamless financial management.