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Income Tax (Amendment) Act, 2019 🇬🇭

Coat of Arms
Republic of Ghana

The one thousand and seventh


of the parliament of the republic of ghana

Income Tax (Amendment) Act, 2019

  • Published by Government Gazette on 30 December 2019
  • Assented to on 28 December 2019
  • Commenced on 30 December 2019
AN ACT to amend the Income Tax Act, 2015 (Act 896) to revise the rates of tax for the chargeable income for a resident individual for a year of assessment, provide for a tax holiday for automobile manufacturers and assemblers and for related matters.PASSED by Parliament and assented to by the President:

1. First Schedule to Act 896 amended

The Income Tax Act, 2015 (Act 896) referred to in this Act as the "principal enactment" is amended in the First Schedule by the substitution for the table in subparagraph (1) of paragraph 1, of
No.Chargeable IncomeRate of Tax
1.First GH 3, 828Nil
2.Next GH 1, 2005 percent
3.Next GH 1, 44010 percent
4.Next GH 36, 00017.5 percent
5.Next GH 197, 53225 percent
6.Exceeding GH 240,00030 percent

2. Fifth Schedule to Act 896 amen…

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