Ghana YTD calculation in December and upon termination
To circumvent two tax tables in one tax year, customers were advised in the previous tax year to untick the "Do a YTD calculation in Dec and for terminations" statutory field on the Basic Company Information screen.
For employee records to account for regularisation in the future, the "Do a YTD calculation in Dec and for terminations" statutory field would need to be ticked again on the Basic Company Information screen.
Regularisation would then occur at tax year-end or upon employee termination.
Note: Regularisation will not automatically be considered on the Non-cumulative Tax Method since month-to-date figures are considered when calculating tax.