Ghana

Corporate - Withholding taxes

Last reviewed - 06 February 2020
Income WHT rate (%) Final tax
Resident persons:    
Interest (excluding individuals and resident financial institutions) 8 No
Dividend 8 Yes
Rent (on residential properties as investment income) 8 Yes
Rent (on commercial properties as investment income) 15 Yes
Royalties and natural resource payments 15 No
Fees to lecturers, invigilators, examiners, part-time teachers, and endorsement fees 10 Yes
Commissions to insurance agents and sales persons 10 No
Fees, emoluments, and other benefits to a resident director, manager, or board member of a body of persons 20 No
Commissions to lotto agents 10 No
Supply of goods exceeding GHS 2,000 3 No
Supply of works exceeding GHS 2,000 5 No
Supply of services exceeding GHS 2,000 (payments to persons other than individuals) 7.5 No
Payment to individuals for provision of services 7.5 No
Payment to petroleum subcontractors 7.5 No
Payment for unprocessed precious minerals 3 No
Non-resident persons:    
Dividend 8 Yes
Royalties, natural resources payments, and rents 15 Yes
Management, consulting, and technical service fees, and endorsement fees 20 Yes
Repatriated branch after tax profits 8 Yes
Interest income 8 Yes
Short-term insurance premium 5 Yes
Income from telecommunication, shipping, and air transport 15 Yes
Payment to petroleum subcontractors 15 Yes

Double tax treaties (DTTs)

Ghana has DTTs with the following countries for the relief from double taxation on income arising in Ghana:

Recipient Dividends (%) (1) Interest (%) Royalties (%) Technical or management service fees (%)
Belgium 5/15 10 10 10
Czech Republic (4) 6/6 10 8 8
Denmark 5/15 8 8 8
France 7.5/15 10 10 10
Germany 5/15 10 8 8
Ireland (3) 7 7 8 10
Italy 5/15 10 10 10
Mauritius 7 7 8 10
Morocco 5/10 10 10 10
Netherlands 5/10 8 8 8
Singapore (4) 7/7 7 7 10
South Africa 5/15 5/10 (2) 10 10
Switzerland 5/15 10 8 8
United Kingdom 7.5/15 12.5 12.5 10

Notes

  1. The lower rate applies where the recipient holds at least 10% of the shares. The higher rate applies in any other case.
  2. 5% for non-resident banks. 10% in any other case.
  3. The Parliament of Ghana is yet to ratify the DTT with Ireland.
  4. The Parliament of Ghana has ratified the DTTs with the Czech Republic and Singapore. These DTTs are not in force.

The government of Ghana is pursuing DTTs with various countries, including Nigeria, Qatar, Sweden, Syria, the United Arab Emirates, and the United States.