Income Tax (Amendment) (No. 2) Act, 2023 🇬🇭

Ghana

Table of Contents

Coat of Arms
Republic of Ghana


The one thousand, one hundred and eleventh

Act

of the parliament of the republic of ghana
entitled

Income Tax (Amendment) (No. 2) Act, 2023

  • Published by Government Gazette on 29 December 2023
  • Assented to on 29 December 2023
  • There are multiple commencements:
  • Unknown provisions commenced on 29 December 2023.
AN ACT to amend the Income Tax Act, 2015 (Act 896) to revise the rates of income tax for individuals.
First Schedule to Act 896 amendedThe Income Tax Act, 2015 (Act 896) is amended in the First Schedule by the substitution for subparagraph (1) of paragraph I, of"Rates of income tax for individuals1. (1) Subject to subparagraph (3) and the Second Schedule, the chargeable income of a resident individual for a year of assessment is taxed at the following rates:
NO.CHARGEABLE INCOMERATE OF TAX
1.First GHC 5,880Nil
2.Next GHC1, 3205 per cent
3.Next GHC 1,56010 per cent
4.Next GHC 38,00017.5 per cent
5.Next GHC 192,00025 per cent
6.Next GHC 366, 24030 per cent
7.Exceeding GHC 600,00035 pe…

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