Grants special tax exemptions for strategic projects with the State
12 Sep 2022
On 12 September 2022, Ghana adopted the Exemptions Act, 2022, which authorizes the Government to grant specially negotiated tax exemption for strategic projects where the State takes commensurate equity stake in the investment project. An entity that cedes an equity stake to the State in return for a tax incentive has an unqualified right to buy back the equity stake of the State at the prevailing market price. The Cabinet is mandated with determining priority areas of economic investments for the purpose of granting the special incentives. The Act also authorizes the responsible Minister to make Regulations to grant an industry-specific or programme-specific tax concessions.
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Promotion and facilitation (Investment incentives)
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