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Rent received and included as income in respect of property rates, and mortgage interest; Bad debts incurred in the normal course of business and which cannot be recovered; and Foreign currency losses incurred in respect of a debt claim, obligation, or foreign currency holding of thecompany, when the Commissioner has been notified of the debt obligation.Withholding TaxesUnder Ghanaian law, a resident person who pays interest to another resident person is required to withhold 10 percent on the gross amount of the payment. This is not applicable to interest paid by an individual and interest that isexempt from tax. Table 1 shows withholding taxes payable by residents and non-residents and Table 2 shows thewithholding taxes payable by countries with which Ghana has a double taxation treaty.Table I: Withholding Taxes PayableWithholding Tax Final On AccountPayable by ResidentsInterest 8%Dividends 8%Fees to part-time teachers, lecturers, exams 10% 10%invigilators, and supervisorsFees, emoluments paid to directors, board10%members, managers, and othersCommissions to insurance, sales, or canvassing10%agentsEndorsement fees 10%Commission to lotto receivers or agents 5%Payment for the supply of goods or use of5%property or services exceeding GHC 500Payable by Non-ResidentsPremiums paid to non-resident insurers 5%Dividends and interests 8%Royalties, natural resource payments, rent 10%Fees for management and financial services 15%Endorsement fees 15%