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A resident as described in section 1.1 is liable to tax in Ghana on their worldwide income (Income Tax Act, 2015 (Act 896)). Therefore, in the case whereby a resident person's foreign income has been taxed in the foreign state, to prevent double taxation, the individual has the option of double tax relief.

Domestic tax credit relief

A resident person other than a partnership may claim a foreign tax credit for a year of assessment for any income tax paid by that person to a foreign country and to the extent to which that income tax is paid with respect to the assessable foreign income of that person for the year.

A foreign tax credit:

1. Ìý

   •ÌýÌýÌýÌý is to be calculated separately for each year of assessment and separately for assessable foreign income from each employment, business or investment, and

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   •ÌýÌýÌýÌý with respect to each calculation, may