The Ghana Revenue Authority (GRA) has published the Income Tax (Amendment) (No. 2) Act 2021, which was assented by the president on 30 December 2021. The Act provides for the implementation of certain 2022 budget measures and the extension of certain relief for COVID-19. Measures include:
- The individual income tax brackets are revised as follows:
- up to GHS 4,380 - 0%
- over GHS 4,380 up to 5,700 - 5%
- over GHS 5,700 up to 7,260 - 10%
- over GHS 7,260 up to 43,260 - 17.5%
- over GHS 43,260 up…