REDUCED CORPORATE INCOME TAX (CIT) RATES OF A CASH CROPS OR LIVESTOCK (EXCLUDING CATTLE) (UP TO FIVE YEARS)
Brief Description
Corporate tax rates are presently 25%. However, a chargeable income tax rate of 1% applies
for cash crops(“include cassava, maize, pineapple, rice, and yam; “cocoa by-product business”
means a business that uses on a commercial basis cocoa by-products using as its main raw
material substandard cocoa beans, cocoa husks and other cocoa waste”) or livestock (excluding cattle) for the first 5 years
Criteria
Cash crops or livestock (excluding cattle) within five years of operation
