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Income Tax Act, 2015 (Act 896)

Act
Ghana National September 1, 2015 Source: Ghana Revenue Authority
taxincome taxPAYErental incomebusiness taxcapital gains

Summary (Plain English)

Ghana's main income tax law. Establishes progressive PAYE tax bands for employment income (0% to 35%). Covers: employment income, business income, investment income (dividends, interest, rent). Rental income taxed at 8% withholding or graduated rates. Capital gains taxed at 25%. Employers must deduct PAYE monthly and remit to GRA. Tax Identification Number (TIN) required for all taxpayers. Annual returns due by April 30.

What This Means For You

  • • PAYE is deducted monthly by employer
  • • Progressive rates from 0% to 35%
  • • Rental income withholding: 8%
  • • TIN required for all taxpayers
  • • Annual returns due April 30
  • • Capital gains tax: 25%

Original Source

https://gra.gov.gh/domestic-tax/tax-types/income-tax/

Content sourced from Ghana Revenue Authority. Always refer to the official document for authoritative text.

Not legal advice. This summary is for informational purposes only. ONIM does not store or republish full legal texts. Always consult a qualified legal professional for advice specific to your situation.