Tax administration allows for cross-border transactions. To this end, entities conduct businesses across countries as a way of increasing their competitiveness and international appeal and consequently their profits. 

Required:

Discuss how a non-resident person would be taxed in Ghana if he/she:

i) has a Permanent Establishment.

ii) does not have Permanent Establishment

c) A resident person who makes a payment to another resident person in respect of the rental of residential or non-residential premises is required to withhold tax in accordance with Income Tax Act, 2015 (Act 896) as amended.

Required:

i) State the taxation principle applicable to rental income and the relevant rates.

ii) Given i) above, how will you treat this transaction, where a resident person makes a payment to another resident person conducting a business of sale or renting of residential or non-residential premises.

d) The location of an entity is of importance in tax planning. How does location inure to the benefit of a young entrepreneur aged 35 years or younger in the manufacturing business?