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)
