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Year-on-year inflation rate in Ghana 2023, by region Access all statistics starting from$1,788 USDyearly* * For commercial use only Basic Account For single users $0 USD Always free Access limited toFree Statistics.Premium Statistics are not included. ...
The tax rate of the mining sector in Ghana is viewed to be too high and has adverse effects on the profitability of mining firms in the country. There has been an outcry for the government to find ways to help curb this problem as mining companies in the country might become uncompetitive...
3. Calculates VAT on goods and services (VAT, VAT Reversal, and VAT Flat Rate) 4. Custom Tax schedule (Includes previous tax schedules) 5. Easy to use interface 6. Calculates Net to Gross Salary and Gross to Net 7. Overtime tax, Bonus Tax, Tier 1, Tier2 and Tier 3 (Provident Fund...
Ghana has a young age structure, with approximately 57% of the population under the age of 25. Its total fertility rate fell significantly during the 1980s and 1990s but has stalled at around four children per woman for the last few years. Fertility remains higher in the northern region than...
Companies also have to pay corporate taxes at a rate of 25%. However, mining and upstream petroleum companies pay 35%, and companies in the hotel industry pay only 22%. Ghana uses a Pay As You Earn (PAYE) system for personal income taxes. Employers are responsible for deducting a flat ...
The study revealed a lack of tax education, high tax rate, low level of income, and high household consumption levels as the dominant and influential factors to tax compliance among the MSMEs. The study further showed that challenges associated with tax administration include low institutional ...
This royalty was previously set by the government at a flexible rate of between 3 and 6% tax of profits. However, contracts between the government and mining companies have used the lower point of this scale, with royalty agreements being set at 3%. An effort to derive a greater share of ...
The short-run model indicates that per capita income, the average tax rate, age and inflation were positively and significantly associated with tax evasion whilegender showed an inverse and significant relationship with tax evasion. The error correction term was negative, statistically significant and ...