THE GHANA REVENUE AUTHORITY (GRA) HAS ANNOUNCED THAT EMPLOYEES WHO EARN GHC365 AND BELOW AS MONTHLY SALARY WILL NOT BE TAXED.THE GRA IN A COMMUNIQUE ON MONDAY, JANUARY 10, 2022, INDICATED AN AMENDMENT OF THE INCOME TAX ACT, 2021 (ACT 1071).*
The Ghana Revenue Authority (GRA) has announced that employees who earn Ghc365 and below as monthly salary will not be taxed.The GRA in a communique on Monday, January 10, 2022, indicated an 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%.”*
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