ACCRA, April 7 (NNN-GNA) — The Ghana government has signed double taxation agreements with 10 countries towards giving investors a stable and conducive tax scheme.
The Government expressed the hope of signing more agreements to encourage investments and in turn, facilitate the transfer of skills and technology.
The countries are Belgium, Denmark, France, United Kingdom, Switzerland, Mauritius, South Africa, Italy, Netherlands and Germany.
Eric Mensah, the Assistant Commissioner in charge of Legal Affairs and Treaties at the Ghana Revenue Authority speaking at the Economic Counsellors’ Dialogue said the agreements were usually signed with the aim of eliminating juridical or economic double taxation.
The Economic Counsellors’ Dialogue was organised by the Ghana Investment Promotion Centre (GIPC) as part of its strategy to assist businesses to better understand the rudiments of investing in the country.
He said government had signed similar agreements with Barbados, Czech Republic, Seychelles, Singapore, Ireland, Malta, Qatar, and Morocco but yet to be enforced.
“Ghana had also held talks with Iran, Norway, Luxembourg, Portugal, Korea, Saudi Arabia, Nigeria and the United Arab Emirates but they are yet to sign an agreement,” he added. — NNN-GNA
