View source for Income Tax (Amendment) (No.2) Act, 2018 (Act 979)

==ARRANGEMENT OF SECTION==
First Schedule to Act 896 amended

==PURPOSE==
AN ACT to amend the First Schedule to the Income Tax Act, 2015 (Act 896) and to provide for related matters.

==DATE OF ASSENT==
28th December, 2018.

==ACT==

====First Schedule to Act 896 amended====
The Income Tax Act, 2015 (Act 896) is amended in the First Schedule by
:(a) the substitution for the table in subparagraph (1) of paragraph 1, of

::{| class="wikitable"
! NO. !! CHARGEABLE INCOME !! RATE OF TAX
|-
| "1. || FIRST GH¢ 3,456 || NIL
|-
| 2. || NEXT GH¢1,200 || 5 percent
|-
| 3. || NEXT GH¢1,680 || 10 percent
|-
| 4. || NEXT GH¢36,000 || 17.5 percent
|-
| 5. || NEXT GH¢197,664 || 25 percent
|-
| 6. || Exceeding GH¢240,000 || 30 percent"
|}

:(b) the substitution for paragraph 8(1) (c) (ix), of
::"(ix) in the case of goods, works or services referred to in section 116(10), twenty percent.”.