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3% withholding tax on gold exports scrapped

SHEEPFIELDS GOLD LIMITED > News > News > 3% withholding tax on gold exports scrapped

3% withholding tax on gold exports scrapped

3% tax on processed gold replaced with 1.5% tax on unprocessed gold. Ghana’s vision is to become Africa’s mining hub. Government reaffirms commitment to remove bottlenecks in the mining industry. Small scale miners will from January 1, 2022 no longer be required to pay the 3% withholding tax on gold at the point of export through the Precious Minerals Marketing Company (PMMC)

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