Income Tax (Amendment) (No. 2) Act, 2018 Act 979

INCOME TAX (AMENDMENT) (NO.2) ACT, 2018 (ACT 979)
ARRANGEMENT OF SECTIONS
Section
First Schedule to Act 896 amended
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ACT 979
REPUBLIC OF GHANA
THE NINE HUNDRED AND SEVENTY-NINETH
ACT
OF THE PARLIAMENT OF THE REPUBLIC OF GHANA
ENTITLED
INCOME TAX (AMENDMENT) (NO.2) ACT, 2018
AN ACT to amend the First Schedule to the Income Tax Act, 2015 (Act 896) and to provide
for related matters.
DATE OF ASSENT: 28th December, 2018.
PASSED by Parliament and assented to by the President:
First Schedule to Act 896 amended
The Income Tax Act, 2015 (Act 896) is amended in the First Schedule by
(a) the substitution for the table in subparagraph (1) of paragraph 1, of
NO. CHARGEABLE INCOME RATE OF TAX
1. FIRST GH 3,456 NIL
2. NEXT GH0I,2OO 5 percent
3. NEXT GH0I,68O 10 percent
4. NEXT GH036,OOO 17.5 percent
5. NEXT GH0197,664 25 percent
6. Exceeding GH024O, OOO 3O percent
(b) the substitution for paragraph 8(1) (c) (ix), of
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“ (ix) in the case of goods, works or services referred to in section 116(10), twenty percent.”.
Date of Gazette Notification: 31st December. 2018.
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