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Ghana - Other taxes and levies

Ghana - Other taxes and levies

Taxation of international executives

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Sales/VAT Tax

Are there sales and/or value-added taxes in Ghana?
 

The provision of goods and services in Ghana, are liable to the Value Added Tax (VAT) of

12.5 percent. Also, there are separate levies of 2.5 percent for National Health Insurance Levy (NHIL) and 2.5 percent Ghana Education Trust Fund Levy (GETFund Levy) which is required to be included in the value of the taxable supply before applying the 12.5 percent VAT. However, there are situations where certain tax payers are waived from paying this tax. In such situations, the tax payer who has been granted such waiver would be issued with VAT Relief Purchase Order (VPRO), which constitutes a waiver of the VAT.

Also, the Value Added Act, 2013 (Act 870) exempts the VAT on imported services as long as the services are used for taxable services.

Unemployment tax

Are there unemployment taxes in Ghana?

Not applicable.

Other taxes

Are there additional taxes in Ghana that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.

Yes.

Foreign Financial Assets

Is there a requirement to declare/report offshore assets (e.g. foreign financial accounts, securities) to the country/jurisdiction’s fiscal or banking authorities?
 

No, however, there may be certain circumstances that an individual may be required to make such declaration.

Disclaimer

All information contained in this publication is summarized by KPMG in Ghana, a partnership established under Ghanaian Law and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. The information contained in this publication is based on the Ghana Income Tax Act, 2015 (Act 896) and subsequent amendments; Income Tax Regulation, 2016 (L.I. 2244); the Web site of the Ghana Revenue Authority; the National Pensions Act, 2008 (Act 766), National Pensions (Amendment) Act, 2014 (Act 883), Guidelines for the Registration of Expatriate (Foreign) Workers issued by the National Pensions Regulatory Authority (NPRA) on 7 April 2017 (with reference number NPRA/GD/RGEX/01/17); Social Security and National Insurance Trust (SSNIT) circular with reference number PHB/SSA.067 dated 11 January 2017; the Web site of SSNIT and NPRA; Immigration Act, 2000 (Act 573); Web site of Ghana Immigration Service.

Copyright

© 2020 KPMG in Ghana, a partnership established under Ghanaian Law and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.  For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance .

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