Tax
From The Report: Ghana 2016
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Ghana’s parliament has enacted new income tax legislation with an effective date of September 1, 2015. The new legislation, the Income Tax Act, 2015 (Act 896), replaces the Internal Revenue Act, 2000 (Act 592) as the primary legislation on income tax in Ghana. The act also covers taxation of operations in industries such as petroleum, minerals and mining, and financial services. The new income tax law seeks to widen the tax base and consolidate the various income tax laws to facilitate the application…