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Income Tax (Amendment) (No. 2), 2021 🇬🇭

Coat of Arms
Republic of Ghana

The one thousand and seventy-first


of the parliament of the republic of ghana

Income Tax (Amendment) (No. 2), 2021

  • Published by Government Gazette on 31 December 2021
  • Assented to on 30 December 2021
  • Commenced on 31 December 2021
AN ACT to amend the Income Tax Act, 2015 (Act 896) to review the rates of income tax for individuals; to reduce the withholding tax rate for sale of unprocessed gold by small scale miners; to increase the threshold for an individual to whom the presumptive tax under the Modified Taxation Scheme applies; to extend the COVID-19 concessions granted in 2021 for further six months in 2022 and to provide for related matters.

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(a)by the substitution for the table in paragraph 1 (1), of
1First GH 4,380Nil
2Next GH 1,3205 per cent
3Next GH 1,56010 per cent
4Next GH 36,…

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