Countries That Have Double Taxation Agreement with Ghana

Double taxation is a term that refers to the taxation of the same income or asset in two or more countries. It can occur when an individual or a company earns income in a foreign country, which is then taxed by both the foreign country and their home country. To avoid this situation, countries often enter into double taxation agreements (DTAs) with each other.

Ghana, like many other countries, has entered into DTAs with various countries around the world to avoid double taxation. The DTAs help eliminate the burden of double taxation and provide relief to taxpayers.

Here are some countries that have double taxation agreements with Ghana:

1. United States of America: The United States and Ghana signed a double taxation agreement in 2018. The agreement helps to promote trade and investment between the two countries by providing relief from double taxation.

2. United Kingdom: The UK and Ghana signed a double taxation agreement in 2002. The agreement applies to income tax, corporation tax, and capital gains tax. The agreement helps to eliminate the double taxation of individuals and companies that earn income in both countries.

3. Belgium: Belgium and Ghana signed a double taxation agreement in 2009. The agreement helps to avoid double taxation on income that arises in either country.

4. France: Ghana signed a double taxation agreement with France in 2017. The agreement helps to promote trade and investment between the two countries by eliminating the burden of double taxation.

5. Netherlands: Ghana and the Netherlands signed a double taxation agreement in 2004. The agreement helps to prevent double taxation of individuals and companies that earn income in both countries.

6. South Africa: Ghana and South Africa signed a double taxation agreement in 2011. The agreement applies to income tax and helps to promote trade and investment between the two countries.

7. Canada: Ghana and Canada signed a double taxation agreement in 2005. The agreement helps to prevent double taxation of individuals and companies that earn income in both countries.

In conclusion, Ghana has signed several double taxation agreements with different countries around the world. These agreements help to promote trade and investment between countries while avoiding the burden of double taxation. If you are doing business in Ghana, it is essential to understand the existence of these agreements and their implications for your business.