REDUCED CORPORATE INCOME TAX (CIT) RATES FOR MANUFACTURING BUSINESSES BASED ON LOCATION
Brief Description
Corporate tax rates are presently 25%. However, the following chargeable income tax
rates applies to:
• Manufacturing business located in regional capitals (except Accra & Tema):
75% of the standard corporate tax rate amounts to: 18.75% (a reduce rate)
• Manufacturing business located in elsewhere in Ghana: 50% of the standard
corporate tax rate amountsto: 12.5% (a reduce rate)
•Manufacturing business located in a free zone enclave: 0% (Only within the tax holiday
period of 10 years)
• Manufacturing business located in Accra and Tema: 25%
Criteria
Manufacturing business located in the regional capitals of the country and
manufacturing business located elsewhere in the country
