Local News

Ghanaians earning GHC365 salary won’t pay tax – GRA

The Ghana Revenue Authority (GRA) has indicated that Ghanaians with an income of Ghc365 would not be taxed.

According to the GRA, the move is a result of the amendment of the Income Tax Act, 2021 (Act 1071).

The Authority explained that chargeable income is made up of income from employment, business or investment less any allowable deduction adding that “chargeable income from each source of income is determined separately.”

“We are happy to inform you that, with the amendment (no. 2) of the Income Tax Act, 2021 (Act 1071), any employee (worker) who receives Ghc365 and below as monthly salary or Ghc 4,380.00 as annual salary is taxed at 0%.”

Advertisements

Attached are the tax rates  

Source: Ghana/Starrfm.com.gh/103.5FM

Advertisements

WhatsApp & Telegram Job Alert

To get daily Job Alerts on Whatsapp, Join Our WhatsApp Group via the link below.

NOTE: PLEASE IF YOU’RE ON ANY OF OUR WHATSAPP GROUPS, DON’T JOIN THIS ONE

READ ON  Volta Region: Man found dead in a manhole with head and arms cut off – Photos

CLICK HERE TO JOIN WHATSAPP GROUP

CLICK HERE TO JOIN TELEGRAM CHANNEL

Advertisements

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button