|
ARRANGEMENT OF REGULATIONS
PART I—WITHHOLDING TAX
Regulation
1. Deduction of tax
2. Total cash emoluments
3. Persons leaving employment,
etc.
4. Non-residents
5. Public entertainments
6. Payment of deductions
7. Employer to report deductions
8. Offence
9. Application of this Part.
PART II—NON-RETAINED INCOME
10. Profits, etc. deemed to be
made out of chargeable income
11. Profits, etc. to be grossed up
12. Chargeable income not retained
in Ghana
13. Excess deemed part of
chargeable income, etc.
14. Cessation of trade or
business.
PART III—ALLOWABLE DEDUCTIONS
15. Contributions to charities
16. Scholarships
17. Donations for rural and urban
development
18. Ghana Muslims Representative
Council.
PART IV—EXEMPTIONS
19. Total exemption.
20. Exemption for contract
officers.
21. Exemption for diplomatic
officers
22. Exemption in respect of
certain loan agreements.
PART V—GOVERNMENT CONTRACTS, ETC.
23. Deductions to be made from
payments arising out of Government
contracts, etc.
24. Deductions of tax from
directors' fees etc.
25. Payment of deductions
26. Issue of Tax Credit
Certificate
27. Effect of Tax Credit
Certificate
28. Failure to deduct.
PART VI—GENERAL
29. Revocations.
SCHEDULE
IN exercise of the powers
conferred on the Minister
responsible or Finance by section
73 of the Income Tax Decree, 1975
(S.M.C.D. 5) these Regulations are
made this 22nd day of September,
1980.
PART I—WITHHOLDING TAX
Regulation 1—Deduction of Tax.
Every employer shall deduct income
tax each month from the total cash
emoluments, payable by him to any
person at the appropriate rate
specified in the Schedule hereto.
Regulation 2—Total Cash
Emoluments.
(1) The total cash emoluments
shall include all cash allowances,
or benefits in kind paid to or on
behalf of the employee, including
cash allowances or benefits in
kind on account of housing,
entertainment, stewards, drivers,
personal servants or other similar
persons, in accordance with
section 13 and the Second Schedule
to the Income Tax Decree, 1975.
(2) In the case of any employment
exercised in Ghana, the emoluments
shall be the full amount of the
emoluments paid in Ghana or
elsewhere as specified in
paragraph (1) of this regulation.
(3) In any case where the
emoluments come within the
provisions of a Double Taxation
Agreement or arrangement between
Ghana and another country, the
employer or the employee shall
make enquiry from the office of
the Commissioner of Income Tax
nearest to him.
Regulation 3—Persons Leaving
Employment, etc.
An employer shall deduct income
tax at the appropriate rate from
the emoluments payable to an
employee at the date of his
leaving his employment.
Regulation 4—Non-residents.
Any employer shall in respect of a
non-resident deduct income tax at
a rate of not less than 35 per
centum of the total income of
such employee earned in or derived
from Ghana or at the rates
specified in Part I of the
Schedule to these Regulations,
whichever is greater.
Regulation 5—Public Entertainers.
For the purposes of this Part,
public entertainers, such as
stage, motion picture or radio
artists, musicians, athletes or
boxers, who are resident in Ghana
for a period or periods not
exceeding in the aggregate 183
days during any year of
assessment, shall be deemed to be
employees and any person paying
them moneys shall be deemed to be
an employer; and such an employer
shall deduct income tax at the
rate specified in regulation 4.
Regulation 6—Payment of
Deductions.
Deductions made under the
preceding regulations shall be
held by the employer and be paid
by him to the Commissioner of
Income Tax on or before the
fifteenth day of the month
following the month in respect of
which the tax became due.
Regulation 7—Employer to Report
Deductions.
(1) Every employer shall furnish
the Commissioner of Income Tax
with a Schedule prescribed by the
Commissioner, stating the amount
of income tax deducted and other
particulars.
(2) The Commissioner shall have
power to send auditors to visit
any employer to verify the
accuracy of the Schedule furnished
to the Commissioner and to carry
out any examination of any records
they may deem necessary.
Regulation 8—Offences.
Any employer who fails to comply
with any provision of this Part
shall be guilty of an offence and
liable on summary conviction to a
fine not exceeding ¢5,000.00 or to
imprisonment not exceeding twelve
months or to both; and in
addition, to a fine not exceeding
¢50.00 in respect of each day on
which the offence continues.
Regulation 9—Application of this
Part.
(1) Nothing in this Part shall be
deemed to exempt any person from
the payment of any income tax
arising from any difference
between his total annual liability
and the amount of tax actually
deducted in the year under this
Part.
(2) The provisions of section 17
(3) of the Income Tax Decree, 1975
shall have effect.
(3) This Part shall apply to the
Republic.
PART II—NON-RETAINED INCOME
Regulation 10—Profits, Etc. Deemed
to be made out of Chargeable
Income.
Profits or similar distributions
remitted out of Ghana during any
year of assessment shall be deemed
to be made out of the chargeable
income for that year of
assessment.
Regulation 11—Profits, Etc. to be
Grossed up.
The amount of profits or similar
distributions shall be the amount
so distributed grossed up at the
rate applicable to the year of
assessment in regulation 10.
Regulation 12—Chargeable Income
not Retained in Ghana.
Where the total amount of profits
or similar distributions remitted
during any year of assessment
equals or exceeds the chargeable
income for such year of
assessment, the whole of the
chargeable income for such year
shall be deemed to be not retained
in Ghana.
Regulation 13—Excess Deemed Part
of Chargeable Income, Etc.
Where the total amount of profits
or similar distributions remitted
during any year of assessment
exceeds the chargeable income of
such year of assessment, the
excess shall be deemed to form
part of the chargeable income not
retained in Ghana for any
previous year of assessment, so,
however, that the amount of such
profits or similar distributions
deemed not retained in Ghana shall
not exceed the chargeable income
for such previous year; and the
tax on such excess shall be
calculated at the rate applicable
to the previous year.
Regulation 14—Cessation of Trade
or Business.
The whole of the chargeable income
for the year of assessment in
which a company ceases to carry on
a trade or business in Ghana shall
be deemed not retained in Ghana,
unless the contrary is proved to
the satisfaction of the
Commissioner of Income Tax.
PART III—ALLOWABLE DEDUCTIONS
Regulation 15—Contributions to
Charities.
Any contribution made by any
person to a charitable institution
or fund approved by the Government
shall be deducted for the purpose
of ascertaining the income of such
person.
Regulation 16—Scholarships.
Any amount expended by any company
or body of persons under a scheme
of scholarship for technical,
professional or other course of
study approved by the Government
shall be deducted for the purpose
of ascertaining the income of such
company or body of persons.
Regulation 17—Donations for Rural
and Urban Development.
There shall be deducted for the
purpose of ascertaining the income
of any person, any donation made
by him for the purpose of
development of any rural or urban
area and approved by the Minister
responsible for Finance.
Regulation 18—Ghana Muslims
Representative Council.
Subject to such conditions as the
Minister responsible for Finance
may determine, there shall be
deducted for the purpose of
ascertaining the income of any
person, any donation made by him
towards the cost of construction
of schools and clinics by the
Ghana Muslims Representatives
Council.
PART IV—EXEMPTIONS
Regulation 19—Total Exemption.
The income of the Army, Navy and
Air Force Institutes is hereby
exempted from tax.
Regulation 20—Exemption for
Contract Officers.
Persons employed by the Government
of Ghana on contract terms shall
be exempted from the provisions of
section 17 (1) (a) of the Income
Tax Decree, 1975 in respect of
gratuities payable to such persons
on account of such service.
Regulation 21—Exemption for
Diplomatic Officers.
Members of the Ministry of Foreign
Affairs, and officers attached to
official Ghanaian diplomatic or
consular missions abroad, shall be
exempted from the provisions of
section 17 (1) (a) of the Income
Tax Decree, 1975 in respect of all
sums received by them as non-pensionable
allowances for services outside
Ghana but excluding training
allowances paid in lieu of salary.
Regulation 22—Exemption in Respect
of Certain Loan Agreements.
There shall be exempted from the
provisions of sections 1 and 17 of
the Income Tax Decree, 1975 (S.M.C.D.
5) any interest and other payments
accruing to any person not
resident in Ghana—
(a) on any loans incurred or bonds
or notes issued by the Volta River
Authority under any loan agreement
with the International Bank for
Reconstruction and Development,
the Export-Import Bank of
Washington, the Agency for
International Development of the
U.S.A. or the Board of Trade of
the Government of the U.S.A.;
(b) under a loan agreement entered
into prior to the 1st day of
March, 1962 between the
Export-Import Bank of Washington
and the Volta Aluminium Company
Limited or on any notes issued to
the said Export-Import Bank in
pursuance of any such loan
agreement.
PART V—GOVERNMENT CONTRACTS, ETC.
Regulation 23—Deductions made from
Payments in Respect of Contracts,
Services, Etc.
(1) Where any sum of money becomes
due and payable by the Government
or by any prescribed body to any
person in respect of any work
done, executed or services
rendered or any goods sold by that
person in or towards the
performance of any contact
(whether in writing or not)
entered into between that person
and the Government or that
prescribed body or in
consideration of any conveyance or
lease or hiring of any property by
that person to the Government or
that prescribed body, the officer
or the person responsible for
effecting the payment shall deduct
from such sum five per centum of
such sum;
Provided that companies which to
the satisfaction of the
Commissioner of Income Tax
prefinance Government contracts
shall be exempt from the deduction
prescribed by this sub-regulation,
if such companies have a clearance
certificate from the said
Commissioner stating that no tax
is due from them.
(2) In this regulation "prescribed
body" means a corporation, agency,
authority or other body over which
the Government has control or in
which the Government has a
financial interest or a bank,
company, partnership or a
co-operative.
Regulation 24—Deductions of Tax
from Directors' Fees, Etc.
(1) Every Company which pays
directors' fees or which pays
commissions to insurance agents
shall deduct in respect of tax
from such fees or commissions an
amount equivalent to fifteen per
centum of such fees or
commissions.
(2) Every institution or body
which engages any part-time
teacher, lecturer, examiner or
examination invigilator or
supervisor shall deduct in respect
of tax from the fees payable by
that institution or body to such
teacher, lecturer, examiner or
examination invigilator or
supervisor an amount equivalent to
fifteen per centum of such fees.
(3) The Director of National
Lotteries shall deduct in respect
of tax from any commission payable
by him to any lotto receiver an
amount equivalent to seven and a
half per centum of such
commission.
Regulation 25—Payment of
Deductions.
The amount deducted under
regulations 23 and 24 shall in
every case be paid forthwith to
the Commissioner of Income Tax.
Regulation 26—Issue of Tax Credit
Certificate.
The Commissioner of Income Tax
shall, upon receipt of an amount
paid to him under regulation 25,
issue in favour of the person
suffering the deduction a Tax
Credit Certificate, in a form
prescribed by the Commissioner,
stating the amount deducted.
Regulation 27—Effect of Tax Credit
Certificate.
The amount stated on a Tax Credit
Certificate issued under
regulation 26 shall be deemed to
have been paid to the Commissioner
of Income Tax by the person
therein mentioned on account of
income tax payable by him.
Regulation 28—Failure to Deduct,
Etc.
(1) Any person who fails to make
the deductions required by
regulations 23 and 24 or who
having made such deductions, fails
to account to the Commissioner
therefor, shall be guilty of an
offence and liable upon summary
conviction to a fine not exceeding
¢5,000.00 or a term of
imprisonment not exceeding twelve
months or to both; and in
addition, to a fine not exceeding
¢50.00 in respect of each day on
which the offence continues and
shall also, in addition be ordered
to pay or refund to the
Commissioner the amount which he
so fails to deduct or for which he
fails to account to the
Commissioner.
(2) Any payment or refund made
under this regulation shall be
deemed to be a payment made to the
Commissioner under regulation 25.
PART VI–—GENERAL
Regulation 29—Revocations.
The following enactments are
hereby revoked—
(a) the Income Tax Regulations,
1975 (L.I. 1032);
(b) the Income Tax (Amendment)
Regulations, 1976 (L.I. 1083); and
(c) the Income Tax (Amendment)
Regulations, 1977 (L.I. 1118).
SCHEDULE
PART I—MONTHLY DEDUCTIONS –—
RESIDENTS
Monthly Chargeable
Income Income Tax
Payable Monthly Chargeable
Income Income Tax
Payable Monthly
Chargeable Income
Income Tax Payable
¢ ¢ ¢
¢ ¢ ¢
126 0.05 135 0.50
144 0.95
127 0.10 136 0.55
145 1.00
128 0.15 137 0.60
146 1.05
129 0.20 138 0.65
147 1.10
130 0.25 139 0.70
148 1.15
131 0.30 140 0.75
149 1.20
132 0.35 141 0.80
150 1.25
133 0.40 142 0.85
151 1.30
134 0.45 143 0.90
152 1.35
153 1.40 194 4.18
235 7.90
154 1.45 195 4.25
236 8.00
155 1.50 196 4.33
237 8.10
156 1.55 197 4.40
238 8.20
157 1.60 198 4.48
239 8.30
158 1.65 199 4.55
240 8.40
159 1.70 200 4.63
421 8.50
160 1.75 201 4.70
242 8.60
161 1.80 202 4.78
243 8.70
162 1.85 203 4.85
244 8.80
163 1.90 204 4.93
245 8.90
164 1.95 205 5.00
246 9.00
165 2.00 206 5.08
247 9.10
166 2.08 207 5.15
248 9.20
167 2.15 208 5.23
249 9.30
168 2.23 209 5.30
250 9.40
169 2.30 210 5.40
251 9.50
170 2.38 211 5.50
252 9.60
171 2.45 212 5.60
253 9.70
172 2.53 213 5.70
254 9.80
173 2.60 214 5.80
255 9.90
174 2.68 215 5.90
256 10.00
175 2.75 216 6.00
257 10.10
176 2.83 217 6.10
258 10.20
177 2.90 218 6.20
259 10.30
178 2.98 219 6.30
260 10.40
179 3.05 220 6.40
261 10.53
180 3.13 221 6.50
262 10.65
181 3.20 222 6.60
263 10.78`
182 3.28 223 6.70
264 10.90
183 3.35 224 6.80
265 11.03
184 3.43 225 6.90
266 11.15
185 3.50 226 7.00
267 11.28
186 3.58 227 7.10
268 11.40
187 3.65 228 7.20
269 11.53
188 3.73 229 7.30
270 11.65
189 3.80 230 7.40
271 11.78
190 3.88 231 7.50
272 11.90
191 3.95 232 7.60
273 12.03
192 4.03 233 7.70
274 12.15
193 4.10 234 7.80
275 12.28
276 12.40 317 17.53
358 23.10
277 12.53 318 17.65
359 23.25
278 12.65 319 17.78
360 23.40
279 12.78 320 17.90
361 23.55
280 12.90 321 18.03
362 23.70
281 13.03 322 18.15
363 23.85
282 13.15 323 18.28
364 24.00
283 13.28 324 18.40
365 24.15
284 13.40 325 18.53
366 24.30
285 13.53 326 18.65
367 24.45
286 13.65 327 18.78
368 24.60
287 13.78 328 18.90
369 24.75
288 13.90 329 19.03
370 24.90
289 14.03 330 19.15
371 25.05
290 14.15 331 19.28
372 25.20
291 14.28 332 19.40
373 25.35
292 14.40 333 19.53
374 25.50
293 14.53 334 19.65
375 25.65
294 14.65 335 19.78
376 25.80
295 14.78 336 19.90
377 25.95
296 14.90 337 20.03
378 26.10
297 15.03 338 20.15
379 26.25
298 15.15 339 20.28
380 26.40
299 15.28 340 20.40
381 26.55
300 15.40 341 20.55
382 26.70
301 15.53 342 20.70
383 26.85
302 15.65 343 20.85
384 27.00
303 15.78 344 21.00
385 27.15
304 15.90 345 21.15
386 27.30
305 16.03 346 21.30
387 27.45
306 16.15 347 21.45
388 27.60
307 16.28 348 21.60
389 27.75
308 16.40 349 21.75
390 27.90
309 16.53 350 21.90
391 28.05
310 16.65 351 22.05
392 28.20
311 16.78 352 22.20
393 28.35
312 16.90 353 22.35
394 28.50
313 17.03 354 22.50
395 28.65
314 17.15 355 22.65
396 28.80
315 17.28 356 22.80
397 28.95
316 17.40 357 22.95
398 29.10
399 29.25 440 37.40
481 47.65
400 29.40 441 37.65
482 47.90
401 29.55 442 37.90
483 48.15
402 29.70 443 38.15
484 48.40
403 29.85 444 38.40
485 49.65
404 30.00 445 38.65
486 48.90
405 30.15 446 38.90
487 49.15
406 30.30 447 39.15
488 49.40
407 30.45 448 39.40
489 49.65
408 30.60 449 39.65
490 49.90
409 30.75 450 39.90
491 50.15
410 30.90 451 40.15
492 50.40
411 31.05 452 40.40
493 50.65
412 31.20 453 40.65
494 50.90
413 31.35 454 40.90
495 51.15
414 31.50 455 41.15
496 51.40
415 31.65 456 41.40
497 51.65
416 31.80 457 41.65
498 51.90
417 31.95 458 41.90
499 52.15
418 32.10 459 42.15
500 52.40
419 32.25 460 42.40
501 52.75
420 32.40 461 42.65
502 53.10
421 32.65 462 42.90
503 53.45
422 32.90 463 43.15
504 53.80
423 33.15 464 43.40
505 54.15
424 33.40 465 43.65
506 54.50
425 33.65 466 43.90
507 54.85
426 33.90 467 44.15
508 55.20
427 34.15 468 44.40
509 55.55
428 34.40 469 44.65
510 55.90
429 34.65 470 44.90
511 56.25
430 34.90 471 45.15
512 56.60
431 35.15 472 45.40
513 56.95
432 35.40 473 45.65
514 57.30
433 35.65 474 45.90
515 57.65
434 35.90 475 46.15
516 58.00
435 36.15 476 46.40
517 58.35
436 36.40 477 46.65
518 58.70
437 36.65 478 46.90
519 59.05
438 36.90 479 47.15
520 59.40
439 37.15 480 47.40
521 59.75
522 60.10 563 74.45
604 89.20
523 60.45 564 74.80
605 89.65
524 60.80 565 75.15
606 90.10
525 61.15 566 75.50
607 90. 55
526 61.50 567 75.85
608 91.00
527 61.85 568 76.20
609 91.45
528 62.20 569 76.55
610 91.90
529 62.55 570 76.90
611 92.35
530 62.90 571 77.25
612 92.80
531 63.25 572 77.60
613 93.25
532 63.60 573 77.95
614 93.70
533 63.95 574 78.30
615 94.15
534 64.30 575 78.65
616 94.60
535 64.65 576 79.00
617 95.05
536 65.00 577 79.35
618 95.50
537 65.35 578 79.70
619 95.95
538 65.70 579 80.05
620 96.40
539 66.05 580 80.40
621 96.85
540 66.40 581 80.75
622 97.30
541 66.75 582 81.10
623 97.75
542 67.10 583 81.45
624 98.20
543 67.45 583 81.80
625 98.65
544 67.80 585 82.15
626 99.10
545 68.15 586 82.50
627 99.55
546 68.50 587 82.85
628 100.00
547 68.85 588 83.20
629 100.45
548 69.20 589 83.55
630 100.90
549 69.55 590 83.90
631 101.35
550 69.90 591 84.25
632 101.80
551 70.25 592 84.60
633 102.25
552 70.60 593 84.95
634 102.70
553 70.95 594 85.30
635 103.15
554 71.30 595 85.65
636 103.60
555 71.65 596 86.00
637 104.05
556 72.00 597 86.35
638 104.50
557 72.35 598 86.70
639 104.95
558 72.70 599 87.05
640 105.40
559 73.05 600 87.40
641 105.85
560 73.40 601 87.85
642 106.30
561 73.75 602 88.30
643 106.75
562 74.10 603 88.75
644 107.20
645 107.65 686
126.10 727
144.55
646 108.10 687
126.55 728
145.00
647 108.55 688
127.00 729
145.45
648 109.00 689
127.45 730
145.90
649 109.45 690
127.90 731
146.35
650 109.90 691
128.35 732
146.80
651 110.35 692
128.80 733
147.25
652 110.80 693
129.25 734
147.70
653 111.25 694
129.70 735
148.15
654 111.70 695
130.15 736
148.60
655 112.15 696
130.60 737
149.05
656 112.60 697
131.05 738
149.50
657 113.05 698
131.50 739
149.95
658 113.50 699
131.95 740
150.40
659 113.95 700
132.40 741
150.85
660 114.40 701
132.85 742
151.30
661 114.85 702
133.30 743
151.75
662 115.30 703
133.75 744
152.20
663 115.75 704
134.20 745
152.65
664 116.20 705
134.65 746
153.10
665 116.65 706
135.10 747
153.55
666 117.10 707
135.55 748
154.00
667 117.55 708
136.00 749
154.45
668 118.00 709
136.45 750
154.90
669 118.45 710
136.90 751
155.35
670 118.90 711
137.35 752
155.80
671 119.35 712
137.80 753
156.25
672 119.80 713
138.25 754
156.70
673 120.25 714
138.70 755
157.15
674 120.70 715
139.15 756
157.60
675 121.15 716
139.60 757
158.05
676 121.60 717
140.05 758
158.50
677 122.05 718
140.50 759
158.95
678 122.50 719
140.95 760
159.40
679 122.95 720
141.40 761
159.85
680 123.40 721
141.85 762
160.30
681 123.85 722
142.30 763
160.75
682 124.30 723
142.75 764
161.20
683 124.75 724
143.20 765
161.65
684 125.20 725
143.65 766
162.10
685 125.65 726
144.10 767
162.55
768 163.00 809
182.80 850
207.40
769 163.45 810
183.40 851
208.00
770 163.90 811
184.00 852
208.60
771 164.35 812
184.60 853
209.20
772 164.80 813
185.20 854
209.80
773 165.25 814
185.80 855
210.40
774 165.70 815
186.40 956
211.00
775 166.15 816
187.00 857
211.60
776 166.60 817
187.60 858
212.20
777 167.05 .818
188.20 859
212.80
778 167.50 819
188.80 860
213.40
779 167.95 820
189.40 861
214.00
780 168.40 821
190.00 862
214.60
781 168.85 822
190.60 863
215.20
782 169.30 823
191.20 864
215.80
783 169.75 824
191.80 865
216.40
784 170.20 825
192.40 866
217.00
785 170.65 826
193.00 867
217.60
786 171.10 827
193.60 868
218.20
787 171.55 828
194.20 869
218.80
788 172.00 829
194.80 870
219.40
789 172.45 830
195.40 871
220.00
790 172.90 831
196.00 872
220.60
791 173.35 832
196.60 873
221.20
792 173.80 833
197.20 874
221.80
793 174.25 834
197.80 875
222.40
794 174.70 835
198.40 876
223.00
795 175.15 836
199.00 877
223.60
796 175.60 837
199.60 878
224.20
797 176.05 838
200.20 879
224.80
798 176.50 839
200.80 880
225.40
799 176.95 840
201.40 881
226.00
800 177.40 841
202.00 882
226.60
801 178.00 842
202.60 883
227.20
802 178.60 843
203.20 884
227.80
803 179.20 844
203. 80 895
228.40
804 179.80 845
204.40 886
229.00
805 180.40 846
205.00 887
229.60
806 181.00 847
205.60 888
230.20
807 181.60 848
206.20 889
230.80
808 182.20 849
206.80 890
231.40
891 232.00 928
254.20 965
276.40
892 232.60 929
254.80 966
277.00
893 233.20 930
255.40 967
277.60
894 233.80 931
256.00 968
278.20
895 234.40 932
256.60 969
278.80
896 235.00 933
257.20 970
279.40
897 235.60 934
257.80 971
280.00
898 236.20 935
258.40 972
280.60
899 236.80 936
259.00 973
281.20
900 237.40 937
259.60 974
281.80
901 238.00 938
260.20 975
282.40
902 238.60 939
260.80 976
283.00
903 239.20 940
261.40 977
283.60
904 239.80 941
262.00 978
284.20
905 240.40 942
262.60 979
284.80
906 241.00 943
263.20 980
285.40
907 241.60 944
263. 80 981
286.00
908 242.20 945
264.40 982
286.60
909 242.80 946
265.00 983
287.20
910 243.40 947
265.60 984
287.80
911 244.00 948
266.20 985
288.40
912 244.60 949
266.80 986
289.00
913 245.20 950
267.40 987
289.60
914 245.80 951
268.00 988
290.20
915 246.40 952
268.60 989
290.80
916 247.00 953
269.20 990
291.40
917 247.60 954
269.80 991
292.00
918 248.20 955
270.40 992
292.60
919 248.80 956
271.00 993
293.20
920 249.40 957
271.60 994
293.80
921 250.00 958
.272.20 995
294.40
922 250.60 959
272.80 996
295.00
923 251.20 960
273.40 997
295.60
924 251.80 961
274.00 998
296.20
925 252.40 962
274.60 999
296.80
926 253.00 963
275.20 1,000
297.40
927 253.60 964
275.80
NOTES:
(i)
For the purpose of ascertaining
the income tax payable, any odd
pesewas on the monthly chargeable
income should be regarded as
¢1.00.
(ii) For monthly chargeable
incomes of over ¢1,000.00, the
rate of tax is 65 pesewas for
every additional ¢1.00.
PART 2—MONTHLY DEDUCTIONS —
NON-RESIDENTS
Every individual not resident in
Ghana shall pay income tax at a
rate of not less than 35 per
centum of his total monthly income
earned in, or derived from, Ghana,
or at the rates specified in Part
1 of the Schedule, whichever is
the greater.
DR. AMON NIKOI
Minister for Finance and Economic
Planning
Date of Gazette Notification: 5th
November, 1980
|
