Income Tax (Amendment) Act, 2021 (Act 1066)

ARRANGEMENT OF SECTION

Sixth Schedule to Act 896 amended

LONG TITLE

AN ACT to amend the Sixth Schedule to the Income Tax Act, 2015 (Act 896) to provide for a rebate for selected industrial sectors, suspend quarterly instalment payments by specified self-employed persons and owners of commercial vehicles and for related matters.

DATE OF ASSENT

31st March, 2021.

ACT

Sixth Schedule to Act 896 amended

The Income Tax Act, 2015 (Act 896) is amended in the Sixth Schedule by the addition after paragraph 12, of

"13. Rebate for selected sectors

(1) The rate of income tax payable on the estimated chargeable income of the following sectors for the second, third and fourth quarters of 2021 shall be seventy percent of the applicable rate:

(a) accommodation and food;

(b) education;

(c) travel and tours; and

(d) arts and entertainment.

(2) For the purposes of this paragraph, the classification of the sectors is as provided in the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4.1).

14. Suspension of quarterly income tax instalment payment

The quarterly income tax instalment payment for the following categories of persons are suspended for the second, third and fourth quarters of 2021:

(a) the following "Category A" self-employed persons listed in the Third Schedule to the Income Tax Regulations, 2016 (L.I. 2244):

(i) retail traders;

(ii) susu collectors;

(iii) drinking and chop bar owners;

(iv) bakeries;

(v) business centres; and

(vi) estates and accommodation agents;

(b) the following "Category B" self-employed persons listed in the Third Schedule to the Income Tax Regulations, 2016 (L.I. 2244):

(i) dress makers and tailors;

(ii) hairdressers, beauticians and barbers;

(iii) artisans including masons; carpenters, plumbers, electricians, tilers, steel benders and labourers;

(iv) hiring services other than vehicle hiring; and

(v) freelance photographers who make a living out of photography other than operating in a photo studio or a specific location;

(c) the following "Category C" self-employed persons listed in the Third Schedule to the Income Tax Regulations, 2016 (L.I. 2244):

(i) butchers;

(ii) individual undertakers;

(iii) com millers and other millers;

(iv) charcoal and firewood vendors;

(v) vulcanisers and alignment operators;

(vi) auto technicians;

(vii) shoes and equipment repairs; and

(viii) traditional healers; and

(d) an owner of any of the following class of vehicles provided in the Second Schedule to the Income Tax Regulations, 2016 (L.I. 2244):

CLASS OF VEHICLE	DESCRIPTION
A2	Taxis/ private taxis
A4	Trotro (up to 15 persons)
B3	Trotro (up to 19 persons)
B4	Trotro (20 to 23 persons)
B5	Trotro (24 and above persons)

15. A person may benefit from a concession provided in paragraphs 13 and 14 if the person

(a) has registered with the Ghana Revenue Authority;

(b) has made instalment payments for the first quarter of 2021; and

(c) continues to discharge any other obligation specified in an enactment administered by the Commissioner-General." .