Ghana reintroduces the National Fiscal Stabilization Levy

African Tax Newsalert

To help reduce Ghana’s growing deficit, the country has reintroduced the National Fiscal Stabilization Levy (NFSL) for at least 18 months. The NFSL is an additional five percent tax on accounting profits of specified companies and institutions. The NFSL took effect on July 15, 2013.

US multinational corporations (MNCs) doing business in Ghana in the sectors affected by the NFSL should include the levy in their budget calculations and also determine whether the NFSL will qualify as a creditable tax under the US foreign tax credit rules.



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