|
IN exercise of the power
conferred on the Minister
responsible for Finance by
Section 114 of the Internal
Revenue Act, (Act 592), these
Regulations are made this 11th
day of July, 2011.
First Schedule of Act 592
amended
The First Schedule to the
Internal Revenue Act 2000, Act
592 is amended by the
substitution for paragraph 1 of
Part One of
"1. The income tax rates
applicable to resident
individuals are as specified in
the following table:
|
Chargeable Income
per annum
|
Rate of Tax
|
|
|
|
|
First GH¢1 ,200.00
|
Free |
|
|
Next GH¢420.00
|
5% |
|
|
Next GH¢I,104.00
|
10% |
|
|
Next GH¢23,196.00
|
17.5% |
|
|
Exceeding GH¢25,920.00
|
25% |
" |
DR. KWABENA DUFFUOR
Minister responsible for Finance
and Economic Planning
Date of Gazette
notification: 22nd July, 2011.
Entry into force: 25th November,
2011.
GOVERNMENT PRINTER, ASSEMBLY
PRESS COMPANY LTD., ACCRA.
GPCLlA63113501212011
Website:
www.ghanapublishingcompany.com
E-mail:
info@ghanapublishingcompany.com
|
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