Exemption of dividends from income taxation: a critical appraisal

One of the major changes in the income tax laws of Ghana, introduced by the Income Tax (Amendment) Decree, 1975 (N.R.C.D. 343), is the exemption of dividends from income tax. The main idea is to encourage, especially, the small and average income earners to invest in companies. Opinions on the desirability of the exemption differ. This article takes a critical look with a view to establishing the legal and economic implications. Sections: The taxation of dividends before the introduction of the exemption – Revenue interpretation – Taxation of dividends after the exemption – The correct interpretation – Concluding observations. Notes; ref.

Title: Exemption of dividends from income taxation: a critical appraisal
Author: Mills, J.E.A.
Year: 1977
Periodical: Review of Ghana Law
Volume: 9
Issue: 1
Pages: 38-47
Language: English
Geographic term: Ghana
External link: https://heinonline.org/HOL/Page?handle=hein.journals/rvghana9&id=48
Abstract: One of the major changes in the income tax laws of Ghana, introduced by the Income Tax (Amendment) Decree, 1975 (N.R.C.D. 343), is the exemption of dividends from income tax. The main idea is to encourage, especially, the small and average income earners to invest in companies. Opinions on the desirability of the exemption differ. This article takes a critical look with a view to establishing the legal and economic implications. Sections: The taxation of dividends before the introduction of the exemption – Revenue interpretation – Taxation of dividends after the exemption – The correct interpretation – Concluding observations. Notes; ref.