Details of Incentive

Information


REDUCED CORPORATE INCOME TAX (CIT) RATES FOR A COMPANY IN HOTEL INDUSTRY


Brief Description

Corporate Income Tax rates are presently 25%. However, companies in the hotel industry have a chargeable income tax rate of 22 % (a reduced rate)

Criteria

Company principally engaged in the hotel industry

Awarding

Subject to meeting the eligibility criteria (First schedule) automatic but can write for confirmation

Institution

Ghana Revenue Authority

Implementing Institution

Ghana Revenue Authority