FOURTH REPUBLIC
ACT 814
ACT
OF THE PARLIAMENT OF THE REPUBLIC OF GHANA
ENTITLED
INTERNAL REVENUE (AMENDMENT) ACT, 2010
AN ACT to amend the Internal Revenue Act, 2000
(Act 592)
DATE OF ASSENT:
Passed by Parliament and assented to by the
President;
Section 11 of Act 592 amended
1. Section 11 of the Internal Revenue Act 2000
(Act 592) is amended
(a)
by the substitution for subsection (6) of
"(6) The income of a company from a business of
construction for sale or letting oflow cost
affordable residential premises is exempted from
tax for a period of five years of assessment
commencing from and including the
year in which
operations are commenced. .
(b)
by the insertion of new paragraphs
(6) (A) A company engaged in the construction
for sale or letting oflow cost affordable
residential premises shall be issued with a
certificate certifying that it is engaged in the
construction oflow cost affordable residential
premises by the Minister responsible for Works
and Housing"
(6)(B) 'llie Minister in consultation with the
Minister responsible for Works and Housing
shall, by Legislative Instrument make
Regulations for the
effective implementation of subsection (6) ."
Section 39 of Act 592 amended
2.
Section 39 of the principal enactment is amended by
the substitu-
tion
for;
(a)
"thirty-five" in paragraphs (a) and (c)
of "hundred"; (b) "thirty" in paragraph
(d) of hundred";
(c)
"twenty-five" in paragraph (e) of fifty"; and
(d)
"hundred" in paragraph (f) of "two hundred".
Section 84 of Act 592 amended
3.
Section 84 of the principal enactment is amended in
subsection (2) by the substitution for "fifty
currency points" of "five hundred currency points".
Fourth Schedule of Act 592 amended
4.
The Fourth Schedule of the principal enactment is
amended by the substitution for "5%" of"15%".
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