Perhaps, The Ghana Revenue Authority (GRA) has audited you and hit you with an unexpected assessment. Or you have heard of other companies that GRA has audited and hit with surprising tax bills. The risk that GRA may hit you with an unforeseen tax is now a major concern for Ghanaian businesses. It is not […]
Author Archives: Collins Boateng
08
Sep
Sep
Your foreign business is taxable in Ghana when you have a permanent establishment in Ghana. When an entity does business across borders, it must deal with how the countries in which it operates will tax the income it makes. Countries regulate the right to tax through Double Tax Agreements (DTAs). To tax a foreign entity, […]
16
May
May
How owners finance a company has tax implications. Interest on loans is deductible for tax purposes, but dividends are not deductible. Loans are also easier to raise than equity. So, business owners often finance their businesses with a mix of equity and debt. Thin capitalization refers to the proportion of debt financing. According to Ghana […]
14
Sep
Sep
How Ghana tax laws undermine capital creation and private sector growth: The case of maintenance expenses. On January 1st, 2016 Act 896 of the Income Tax Act 2015 came into effect, superseding Act 592 of the Internal Revenue Act 2000. Act 896 made significant changes to the rules for deducting repairs and maintenance expenses. In […]
