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Income Tax (Amendment) Act, 2018 🇬🇭


Coat of Arms
Republic of Ghana


The nine hundred and seventy-third

Act

of the parliament of the republic of ghana
entitled

Income Tax (Amendment) Act, 2018

  • Published by Government Gazette on 1 August 2018
  • Assented to on 31 July 2018
  • Commenced on 1 August 2018
AN ACT to amend the First Schedule of the Income Tax Act, 2015 (Act 896) and provide for related matters.PASSED by Parliament and assented to by the President:

1. First Schedule of Act 896 amended

The Income Tax Act, 2015 (Act 896) is amended in the First Schedule by(a)the substitution for the table in subparagraph (1) of paragraph 1, of
 CHARGEABLE INCOMERATE OF TAX
1.FIRST GH₵ 3,132NIL
2.NEXT GH₵ 8405 percent
3.NEXT GH₵ 1,20010 percent
4.NEXT GH₵ 33, 72017.5 percent
5.NEXT GH₵ 81, 10825 percent
6.Exceeding GH₵ 120, 00035 percent
(b)the substitution for subparagraph (2) of paragraph 1, of "(2) Subject to subparagraph (3), the chargeable income of a non-resident individual for a year of assessment is taxed at the rate of twenty five percent."

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