As discussed in the previous edition, due to the current worldwide developments including the OECD’s move to curb tax base erosion and profit shifting (BEPS), tax policy is changing significantly. In Ghana for example, a Transfer Pricing legislation was passed in 2012 which aimed to ensure that the tax base of income generated in Ghana is ‘’protected’’ from ‘’erosion or profit shifting’’ and subjected to tax in Ghana as appropriate. What other changes should multinational tax
Ever since the 1990’s, a large number of African countries have focused on attracting Foreign Direct Investment (FDI), as a means to drive the growth and development of their economies. In theory, FDI should lead to job creation, increased foreign exchange, and expansion of the economy with increased government revenue through the payment of taxes. Economic history has shown that this is not always the case or at least, results are not always in line expectations; however th
Celebrated author Mark Twain once quoted that ‘the only two certainties in life are death and taxes’. Whilst this may seem a little exaggerated, there is no arguing that if you are gainfully employed, the chances are that you will pay taxes on the income that you earn in one way or another. So then, it stands to reason that you should know a little bit about this portion of money that you earn but don’t keep. Frequently asked questions by taxpayers usually centre on whether t
Need to contact me about something? Reach out, I’d be happy to hear from you.