Ghana’s Income Tax Regime: Identifying Pitfalls in Law, Administration, and Practice

The principal legislation governing income tax in Ghana is the Income Tax Act, 2015 (Act 896), which repealed and replaced the Internal Revenue Act, 2000 (Act 592). Act 896 represents a significant modernization of Ghana’s income tax framework, introducing clearer rules on residency, source of income, transfer pricing, and anti-avoidance, among other areas. The Act has since been amended on several occasions to address emerging issues and align Ghana’s tax laws with international best practices.