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Feb 18, 2019 1 min read

Ghana Payroll Outsourcing Alert

Outsource your payroll in Ghana to Mercans to ensure your compliance with the new income tax calculations.

Ghana Introduces New Tax Brackets

Effective from January 1, 2019, Ghana amended its Income Tax Law of 2015 (Act 896) by introducing the following individual annual income tax brackets:

Tax Bracket CUM annual Taxable income in GHC Annual Taxable income in GHC for the tax bracket Tax rate Annual income tax in GHC for the Tax bracket Total annual income tax in GHC
1 First 3,456 3,456 0%
2 Next 4,656 12,00 5% 60 60
3 Next 6,336 1,680 10% 168 228
4 Next 42,336 36,000 17.5% 6,300 6,528
5 Next 240,000 197,664 25% 49,416 55,944
6 Exceeding 240,000 30%

The corresponding monthly income tax brackets are provided below:

Tax Bracket CUM annual Taxable income in GHC Annual Taxable income in GHC for the tax bracket Tax rate Annual income tax in GHC for the Tax bracket Total annual income tax in GHC
1 First 3,456 3,456 0%
2 Next 4,656 12,00 5% 60 60
3 Next 6,336 1,680 10% 168 228
4 Next 42,336 36,000 17.5% 6,300 6,528
5 Next 240,000 197,664 25% 49,416 55,944
6 Exceeding 240,000 30%

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above changes.

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