Tag: Income Tax (Amendment) Act 2015
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Income Tax Act amended to assist specific tier 3 contributors affected by COVID-19
Parliament has amended the Income Tax (Amendment) Act 2015 to exempt withdrawals from third tier Provident funds and personal pension schemes from tax. This is to cushion only contributors who have lost their jobs or capital due to the Coronavirus pandemic. The Amendment in fiscal terms will amount to 639 million Ghana cedis if all…