REDUCED CORPORATE INCOME TAX (CIT) RATES FOR FREE ZONE ENTERPRISE/DEVELOPERS (UP TO TEN YEARS)
Brief Description
Corporate tax rates are presently 25%. However, the following chargeable income tax
rates (reduced rate) applies:
• Free zone enterprise/developers for the first ten (10) years in operation: 0%
• Free zone enterprise/developers after 10 years in operation (on export of goods and
services outside the national customs territory): 15%
• Free zone enterprise/developers after 10 years in operation (on domestic sales): 25%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 amounts to: 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
A Free Zone developer or an enterprise granted a license under the Free
Zones Act, 1995 (Act 504)
