Income Tax (Amendment) (No. 2) Act, 2017 🇬🇭

Ghana

Republic of Ghana

The nine hundred and fifty-sixth

Act

of the parliament of the republic of ghana

entitled

Income Tax (Amendment) (No. 2) Act, 2017

Assented to on 29 December 2017
Commenced on 29 December 2017

AN ACT to amend the Income Tax Act, 2015 (Act 896) to abolish the tax on lotto winnings, provide for accelerated capital allowance for manufacturers and importers importing stamping machines for the implementation of the excise tax stamp policy, provide tax holding for young entrepreneurs and to provide for related matters.

1. Section 6 of Act 896 amended

The Income Tax Act, 2015 (Act 896) referred to in this Act as the "principal enactment" is amended in section 6 by the deletion of subparagraph (iv) of paragraph (a) of subsection (2).

2. Section 7 of Act 896 amended

The principal enactment is amended in subsection (1) of section 7

(a)by the deletion of "and" after paragraph (s);

(b)by the insertion after paragraph (t) of

"(u)the income of an approved unit trust scheme or mutual fund ; and

(v…

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