Ghana Introduces Modified Taxation System for Individual Business Income

Ghana has introduced a modified taxation system for individuals living and operating businesses in Ghana effective 1 July 2025. The system is available for resident individuals who exclusively earn income from business in Ghana, and includes three approaches:
- Fixed tax amounts based on turnover:
- GHS 15,001 to 20,000 - GHS 45.00
- GHS 10,001 to 15,000 - GHS 35.00
- GHS 5,881 to 10,000 - GHS 25.00 …