Details of Incentive

Information


REDUCED CORPORATE INCOME TAX (CIT) RATES OF A RURAL BANKING BUSINESSES (UP TO TEN YEARS)


Brief Description

Corporate tax rates are presently 25%. However, rural banking business for the first 10 years have a chargeable income tax rate of 1% (a reduced rate)

Criteria

Rural banking businesses within ten years of operation 

Awarding

Subject to meeting the eligibility criteria (First schedule) ?

Institution

Ghana Revenue Authority

Implementing Institution

Ghana Revenue Authority