The Ghana Revenue Authority (GRA) has announced that employees who earn a monthly salary of GHC365 and below or GHS 4,380 annual salary will be exempted from income tax.
This new development, the Authority in a tweet said it is as a result of the amendment of the country’s Income Tax (Amended) (No. 2) Act 2021. (Act 1071).
The tweet of GRA read, “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 GHS 365 and below as monthly salary or GHS 4380 as annual salary is taxed at 0%.”