Oblitey: Created page with "==ARRANGEMENT OF SECTION== First Schedule of Act 896 amended ==PURPOSE== AN ACT to amend the First Schedule of the Income Tax Act, 2015 (Act 896) and provide for related matters. ==DATE OF ASSENT== 31st July, 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 O..."

2024-08-27T19:12:02Z

Created page with "==ARRANGEMENT OF SECTION== First Schedule of Act 896 amended ==PURPOSE== AN ACT to amend the First Schedule of the Income Tax Act, 2015 (Act 896) and provide for related matters. ==DATE OF ASSENT== 31st July, 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 O..."

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

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

==DATE OF ASSENT==
31st July, 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¢3,132 || NIL
|-
| 2. || NEXT GH¢840 || 5 percent
|-
| 3. || NEXT GH¢1,200 || 10 percent
|-
| 4. || NEXT GH¢33,720 || 17.5 percent
|-
| 5. || NEXT GH¢81,108 || 25 percent
|-
| 6. || Exceeding GH¢120,000 || 35 percent"
|}

:(b) the substitution for subparagraph (2) of paragraph 1, of
::"(2) Subject to subparagraph (3), the chargeable income of a non-resident individual for a year of assessment is taxed at the rate of twenty five percent.".

Income Tax (Amendment) Act, 2018 (Act 973) - Revision history