Taxation of international executives
Are there special residency considerations for short-term assignments?
Are there special payroll considerations for short-term assignments?
In general, there are no special payroll tax considerations in Ghana for short term assignments. However, some Double Taxation Agreements (DTA) exempt short term assignees from tax in Ghana when the conditions outlined in the DTA are met.
What income will be taxed during short-term assignments?
Short term assignments that will span for less than 183 days will be taxed under the non-resident tax rule where all incomes accrued in or derived from employment in Ghana are duly subject to tax.
On the other hand, where the short term assignment spans for more than 183 days, then taxes will be based on the residency rule in which all incomes that have Ghanaian source will be subject to tax.
Is there a requirement to declare/report offshore assets (e.g., foreign financial accounts, securities) to the country/territory’s fiscal or banking authorities?
No, however, there may be certain circumstances that an individual may be required to make such declaration.
Are there any additional considerations that should be considered before initiating a short-term assignment in Ghana?
© 2019 KPMG a partnerships established under Ghanaian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.