The Ghana Revenue Authority is the statutory institution that oversees the admistration of taxes in Ghana. Ghana has Double Taxation Treaties with a number of countries including, the United Kingdom, South Africa, France and Germany. Generally, the following taxes are applied to corporate entities and individuals in the course of doing business in Ghana:
Corporate Tax: Companies pay 8%-35% of profits realized depending on the nature of business. They are also charged a Growth & Sustainability Levy ranging from 1% – 5% payable on gross profit.
Pay As You Earn: These are levied on salaries of employees in graduated rates according to their earnings.
Indirect Tax: Are taxes collected by intermediaries on behalf of the Government and include Withholding Tax (from 5% upwards depending on the nature of the transaction/service); Value Added Tax (4% flat rate for retailers of goods (with exceptions) and 15% on goods and services); and National Health Insurance Levy (2.5%), GETFUND (2.5%) and COVID Levy (1%).