Income Tax (Amendment) Act, 2015 🇬🇭

Ghana

Republic of Ghana

The nine hundred and second

Act

of the parliament of the republic of ghana

entitled

Income Tax (Amendment) Act, 2015

Assented to on 30 December 2015
Commenced on 30 December 2015

AN ACT to amend the Income Tax Act, 2015 (Act 896) to provide for a new rate of tax for the chargeable income of a resident individual for a year of assessment, to introduce the rate of withholding tax for a service provided under section 116 (1) (a) (vii), to increase the monetary threshold for an individual to whom a presumptive tax applies and 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 subparagraph (1) of paragraph 1 of“(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 INCOME	RATE OF TAX
1.	First GHC 2 592	Nil
2.	Next GH₵…

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