Information


REDUCED CORPORATE INCOME TAX (CIT) RATES OF A VENTURE CAPITAL FINANCING COMPANIES FOR THE FIRST 10 YEARS



Brief Description

 Corporate tax rates are presently 25%. However, the interest or dividend paid or credited to a person on a qualifying investment in a qualifying venture capital financing company for the first 10 years has a chargeable income tax rate of 1% (a reduced rate) Losses from disposal of shares or any investment made during the tax exempt period may be carried forward to the post exempt period up to 5 years. Foreign investors are offered no restriction on the repatriation of profits and dividends out of Ghana -section 7 Income Tax Act, 2015 (ACT 896)


Criteria

Income from a venture capital financing company






Implementing Institution

Ghana Revenue Authority