REDUCED CORPORATE INCOME TAX (CIT) RATES FOR COMPANY INCOME FROM THE EXPORT OF NON-TRADITIONAL GOODS
Brief Description
Corporate tax rates are presently 25%. However, company income from the export of non-traditional goods (meaning horticultural products, processed and raw agricultural products grown in Ghana, other than cocoa beans, wood products, other than lumber and logs, handicrafts and locally manufactured goods) have a chargeable income tax rate of 8% (a reduced rate)
Non-traditional goods (meaning horticultural products, processed and raw agricultural products grown in Ghana, other than cocoa beans, wood products, other than lumber and logs, handicrafts and locally manufactured goods)
Criteria
Company principally engaged in exports of non-traditional goods (meaning horticulturalproducts, processed and raw agricultural products grown in Ghana, other than cocoa beans,wood products, other than lumber and logs, handicrafts and locally manufactured goods)
