The governments of Italy and Ghana sealed a double taxation treaty at a signing ceremony in Accra earlier this month, in what has been termed a “milestone” in bilateral relations between the two nations.
"Nationals of both countries now have the flexibility required to focus on growing their businesses without expending precious time dealing with complex tax issues in two separate jurisdictions," noted Mr Yaw Osafo-Maafo, Ghanaian Minister of Finance and Economic Planning, one of the pact’s co-signatories.
He added: "Taxes to be covered in Ghana are income, capital gains, petroleum, mineral and mining, whilst in the case of Italy, personal income tax, corporate income tax and regional tax on productive activities would be covered."
Mr Giancarlo Izzo, Italian Ambassador to Ghana, completed the formalities of the convention on behalf of the Italian government.
.Tags: Italy | Italy
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