Ghana: Income Tax (Amendment) Bill, 2022

Ghana: Income Tax (Amendment) Bill, 2022

The Income Tax (Amendment) Bill, 2022 proposes to amend the Income Tax Act, 2015 (Act 896) by revising the rates of income tax for individuals and introduce an additional income tax bracket as well as revise the upper limits for the quantification of motor vehicle benefits.

  1. The personal income tax bands will adopt the minimum wage for 2023 as the tax free threshold
  1. Government proposes an additional tax band at 35% as part of the high net worth taxation policy
  1. The upper limits for quantification of motor vehicle benefits will be revised to account for inflation

Please take note that these proposed amendments have not yet been enacted.


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