KPMG Tax Flash Alert

The government of Ghana has on 28 December 2019 amended the tax brackets for personal income earners, effective January 2020.

In the bid to increase the net earnings of resident individuals, the government has legislated the Income Tax (Amendment) Act, 2019 (Act 1007) to amend the Graduated Tax Bands for resident individuals in the First Schedule of the Income Tax Act, 2015 (Act 896). The graduated tax rates, however, remain the same with the highest tax band at 30%.

Download KPMG's Tax Alert on Revision to Personal Income Tax Bands, Personal Reliefs and Tax Holidays for Automobile Manufactures and Assemblers here.

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