Computation of Tax Payable by Akafina Group of Companies (Year of Assessment 2022):

Explanation of Tax Incentives:

1. ABG Ltd:
   As a Free Zone Enterprise established in 2011, ABG Ltd enjoyed a 10-year tax holiday. Post the holiday period, the company now pays tax at a reduced rate of 15% on income earned from its export activities.
2. Adooso Ltd and Frankaa Ltd:
   These companies are located in Accra and Tema, where there are no tax incentives. They pay the standard corporate tax rate of 25%.
3. Brefa Ltd:
   Located in Kumasi, Brefa Ltd benefits from a 25% rebate on the standard corporate tax rate, reducing its rate to 18.75%. This incentive is aimed at encouraging businesses to operate in regional capitals other than Accra and Tema.
4. Crame Ltd and Didie Ltd:
   Both companies are located in less developed areas (Bodie and Ayanfuri, respectively) and enjoy a 50% rebate on the standard corporate tax rate, reducing their rate to 12.5%.
5. Greda Ltd:
   Greda Ltd, engaged in agriculture and established since 2010, benefits from a temporary tax concession, paying only 1% corporate tax on its profits to promote agriculture.