Ghana Individual Income Tax Brackets/Rates for 2020
The Ghana Revenue Authority has announced the passage of the Income Tax (Amendment) Act, 2019 (Act 1007), which includes amendments to the individual income tax brackets and rates for 2020. For resident individuals, the rates and brackets are as follows based on annual income:
- up to GHS 3,828 - 0%
- over GHS 3,828 up to 5,028 - 5%
- over GHS 5,028 up to 6,468 - 10%
- over GHS 6,468 up to 42,468…