Seychelles initials double tax avoidance pact with Ghana |05 August 2013

Seychelles and the Republic of Ghana have initialed an agreement for the avoidance of double taxation and prevention fiscal evasion with respect to taxes on income.

The agreement was initialed on behalf of the government of Seychelles by the principal secretary for Finance and Trade of the Ministry of Finance, Trade and Investment, Dr. Steve Fanny, and on behalf of the Republic of Ghana by the deputy commissioner for Legal Affairs of Ghana Revenue Authority, Philip Mensah.

The negotiations took place in Victoria, Seychelles between July 29 and 31, 2013.
Both delegations fully agreed on all articles.

The double taxation avoidance agreement (DTAA) provides for certainty with regard to taxes payable on incomes generated from investments made and on services provided between the two countries.
It also provides an inducement to nationals of both countries to focus their attention on increasing trade, investment and employment opportunities.

The Ministry of Finance, Trade and Investment is focusing on concluding negotiations on DTAAs with Guernsey, Guinea and State of Jersey during the course of this year.
In total we have 28 DTAAs signed and 19 of which are in force.