Global Payroll Outsourcing Leader Issues a Tax Alert for Ghana
Ghana amends personal income tax rates.
The Parliament of Ghana has passed the Income Tax (Amendment) Act, 2018, Act 973 and it came into force on August 1, 2018.
The Act added sixth income tax bracket of 35% for individual taxable income above GHS120,000 per annum. The amended individual income tax rates are the following:
|Annual Income (in GHS)|
The flat income tax rate for non-resident individuals has also been increased from 20% to 25%. Non-resident individuals who earn income from Ghana will therefore pay income tax at the rate of 25% on their gross taxable income.
Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above changes or visit https://mercans.com/ for additional information.