Which taxes does an entrepreneur have to pay in Ghana? How much?

For Young entrepreneurs aged 18-35 - Tax Holidays

Any young Ghanaian business owners will be able to enjoy a tax holiday of 1% total tax for 3 to 5 years. See more details at Article on Linkedin

The taxes commonly applicable for entrepreneurs are

National Health Insurance Levy (NHIL) is imposed on most goods and services imported into or supplied in Ghana to fund the national health scheme, at the rate of 2.5% of the sale price excluding VAT of the goods or service.

Corporate Income Tax is a tax imposed on the profits of businesses incorporated in Ghana. The tax is also levied on foreign income that has been received in or brought into Ghana. The tax rate in Ghana is 25%.

Value Added Tax (VAT) is charged on the supply of goods and services in Ghana and imported goods and the supply of imported services at a rate of 12.5%.

Social security contributions on employees is jointly imposed on both the employer and employee, at the rate of 5.5%, based on gross basic salaries.

Sector specific tax incentives, i.e. agriculture and farming, local incentives, etc. See more Tax Regime And Investment

Useful Links

• Doing Business 2020 Ghana-World Bank
• Ghanatalksbusiness