Tag: Income tax
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Over-concentration on consumption taxes hurting our revenue mobilization drive – Tax analyst
Ahead of the presentation of the 2022 mid-year budget review on Monday, July 25, 2022, government is being urged to announce clear measures that will lead to the collection of more property and income taxes compared to consumer taxes. According to Tax Analyst, Francis Timore Boi, the over-reliance on consumer taxes in the country is…
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Tax analyst urges gov’t to increase minimum taxable income to GH¢500
Tax Analyst, Francis Timore Boi has urged the government to consider increasing the salary amount that is taxed at zero percent to a minimum of GH¢500. Currently, employees who receive GH¢365 and below as monthly salary or ¢4,380 as annual salary do not have their earnings taxed. This follows the amendment (no. 2) of the…
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![Tax reliefs for employees and how to invoke the laws [Article]](https://citibusinessnews.com/wp-content/uploads/2021/06/Income-Tax-Return-Forms.jpg)
Tax reliefs for employees and how to invoke the laws [Article]
For many employees in Ghana, the amount of taxes they pay on their wages and salary is so high that, they do not bother to pay attention to the taxes deducted. In Ghana, sources of income that are subject to income tax include income from employment, income from business and income from investment. Tax laws…