Who pays stamp duty in Ghana?

The buyer is required to pay stamp duty on the purchase of a property. Where the property value is: Less than GHC10,000, stamp duty is 0.25% of the property value. Between GHC10,000 and GHC50,000, stamp duty is 0.5%.

How much is stamp duty in Ghana?

Stamp duty is paid, at rates ranging between 0.25% to 1% and 0.05 Ghana cedi (GHS) to GHS 25, depending on the type of transaction and the instrument. A stamp duty of 0.5% applies on the initial stated capital and any subsequent increase in the stated capital.

Who pays stamp duty on property sale?

Who pays stamp duty? It is always the home buyer who pays stamp duty, not the seller. Usually, your solicitor will pay it on your behalf as part of the purchase process.

How much does it cost to register land in Ghana?

The fee for publication is GHC 25 for land the size of 0.25 acres or less. Where the Land Certificate is urgently required, the applicant has the option to choose what is known as “special publication”. In that case, the amount payable is GHC 95.

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Do sole proprietors pay taxes in Ghana?

You must pay Income Tax if you are an employee, sole proprietor or a person in a partnership and you earn income above Gh¢ 319 per month. Read more about Personal Income Tax here.

Is it expensive to live in Accra Ghana?

Summary about cost of living in Accra, Ghana: … A single person estimated monthly costs are 609$ (3,519₵) without rent. Accra is 57.36% less expensive than New York (without rent). Rent in Accra is, on average, 78.37% lower than in New York.

Can a foreigner buy a house in Ghana?

There are no restrictions on foreigners buying property in Ghana. … There are four types of land in Ghana: Government Land, Vested Land, Customary/Stool Land, and Family/Private Land.

How can I avoid paying stamp duty?

Here we look at ways to reduce your stamp duty bill, or even avoid paying the tax altogether.

  1. Haggle on the property price. …
  2. Transfer a property. …
  3. Buy out your ex. …
  4. Claim back stamp duty. …
  5. Pay for fixtures and fittings separately. …
  6. Build your own!

How can I avoid buy to let stamp duty?

If you’re part of an unmarried couple and one of you owns a property already, the only way to avoid paying the additional rates is if only one of you (the one who doesn’t yet own a home) is named on the mortgage and property deeds.

Who is exempt from paying stamp duty?

You will qualify for the Stamp Duty exemption if:

You are a First Time Buyer. You are buying a home that you will live in. Your property is below £300,000 (for no Stamp Duty at all) Your property is under £500,000 (you will only pay Stamp Duty on the amount over £300,000)

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Where do I register my land in Ghana?

Land Title Registration: The Lands Commission is mandated by law to register lands in the country. A Land Title Registration starts with Stamp Duty payment. The application should be made to the Customer Service and Access Unit (CSAU) of the Commission in the regional capital of the region where the land is situated.

Can foreigners buy land in Ghana?

There are no restrictions on foreigners buying property in Ghana.

How can I register my land in Ghana?

Find below steps to take on how to register your land in Ghana.

  1. Checks. Make sure to carry out thorough checks about the land. …
  2. Acquisition and Negotiation. Once you confirm the availability and suitability of the land, you can begin negotiations. …
  3. Document Endorsement. …
  4. Witness. …
  5. Lands Commission. …
  6. IRS. …
  7. Original Copy.


How can I avoid tax in Ghana?

Tips to Reduce your Business Tax in Ghana

  1. Keep proper records of all expenses. Most small business owners often blur the lines between personal expenses and business expenses. …
  2. Keep a fixed assets register. …
  3. Outsource some services. …
  4. Make payments and submit financial statements on time. …
  5. Make provisional payments.


How is tax calculated on salary in Ghana?

Non-resident individuals pay taxes at the flat rate of 25%. Employees in Ghana pay income tax using the Pay As You Earn system. … PAYE is computed with the personal income tax rates. Tax withheld must be filed and payment made by the 15th of the month following the month in which the tax is withheld.

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Do foreigners pay tax in Ghana?

Individuals who are residents of Ghana are currently taxed according to a graduated scale (see annual rate table), while non-resident individuals are taxed at a flat rate of 25%. … Individuals are required to account for their incomes and expenses on a cash basis.

Hai Afrika!