The second-largest economy in Africa after Nigeria, South Africa benefits from some of the most sophisticated financial markets in the world, paired with a robust regulatory system, and is also home to the headquarters of a number of major multinational players in the fields of industry, energy and financial services.
Ghana’s parliament has enacted new income tax legislation with an effective date of September 1, 2015. The new legislation, the Income Tax Act, 2015 (Act 896), replaces the Internal Revenue Act, 2000 (Act 592) as the primary legislation on income tax in Ghana. The act also covers taxation of operations in industries such as petroleum, minerals...
OBG’s partner Deloitte lays out what investors need to know about income tax legislation in Ghana.
This section also includes a viewpoint from Felix Nana Sackey, CEO, Deloitte Ghana.
Situated on the Gulf of Guinea in West Africa, Ghana’s natural resource wealth and status as a stable democracy have helped make it a prominent player in the region. It is the world’s second-largest exporter of cocoa, behind Côte d’Ivoire, and one of the continent’s largest gold producers. Recently discovered reserves of oil and gas have powered the economy to double-digit growth in the past decade.
This chapter contains an overview of the tax framework in which local and foreign investors operate in Saudi Arabia, including an outline of the various tax systems in place for different ownership structures and a look at the June 2014 updates to the regulations for zakat, a religious tax based on sharia. This chapter contains a viewpoint from Jacques Fakhoury, KSA Country Leader, PwC.
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