Zero tax on workers who receive salary of GH¢365 and below – GRA
Income tax amendment Act is to review income tax for individuals Withholding tax for unprocessed gold to be reduced amendment Those who earn below GH¢4,380 annually will not be taxed-GRA Employees who earn below GH¢365 as monthly salary or GH¢4,380 as annual salary will not have to pay tax the Ghana Revenue Authority has stated. The Authority in a Twitter post on Monday, January 10, 2022, explained that the decision is pursuant to Income Tax (Amendment) (No. 2) Act 2021. (Act 1071). The Act is “to amend the Income Tax Act, 2015 (Act 896) to review the rates of income tax for individuals; to reduce the withholding tax rate for sale of unprocessed gold by small scale miners; to increase the threshold for an individual to whom the presumptive tax under the Modified Taxation Scheme applies; to extend the COVID-19 concessions granted in 2021 for further six months in 2022 and to provide for related matters,” it noted. We are happy to inform you that, with the amendment (no. 2) of the Income Tax Act, 2021 (Act 1071), any employee (worker) who receives Ghc365 and below as monthly salary or Ghc 4,380.00 as annual salary is taxed at 0%!!! https://t.co/D6zEQnHWIe https://t.co/a6Fkpxh9rk #TeamGhana pic.twitter.com/1ZJI5Qkjpu — GRA (@GhanaRevenue) January 10, 2022 The Act was assented to by President Nana Addo Dankwa Akufo-Addo on December 30, 2021, after it was passed by Parliament. In June last year, the National Tripartite Committee announced that the National Minimum Daily Wage will be revised to GH¢13.53 effective January 1, 2022. Below is the Income Tax (Amendment) (No. 2) Act 2021. (Act 1071): Ghanaweb Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093
Bawku Conflict: No man is allowed to pick another man on a motorbike
The statement says, Regional Security Council (REGSEC) after critically examining the security situation has with immediate effect banned a man riding on a motor bike and picking another man on the same motor bike in the Bawku Municipality and its environs. Below is the full statement: Apexnewsgh.com/Ghana/Ngamegbulam Chidozie Stephen Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093