- 10 Marks
AT – MAR 2024 – L3 – Q5b – Tax Administration in Ghana
Discusses the restrictions on foreign business activities and the tax benefits of sole proprietorship versus limited liability companies.
Question
You are an external consultant to the Ministry of Trade and Industry. The Minister has received a delegation of both foreigners and Ghanaians to deliberate on investment opportunities available in Ghana.
Required:
i) Business activities that cannot be engaged in by foreigners. (5 marks)
ii) The tax benefits of establishing a sole proprietorship business as against a limited liability company. (5 marks)
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