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Ghana: Tax measures in 2019 budget

Ghana: Tax measures in 2019 budget

Several tax initiatives intended to protect revenue and to broaden the scope of tax were included in Ghana’s budget for 2019.

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The tax measures in the budget include the following proposals:

  • The highest individual (personal) income tax rate band would be reduced from 35% to 30%; however, the threshold subject to the highest rate would increase from GH¢10,000 to GH¢20,000. 
  • The band for tax-free individual (personal) income tax would target income earned by certain minimum wage earners. 
  • To simplify the collection of withholding tax for both small-scale mining operators and the tax authorities, the point of collection of the tax would shift to the point of export. 
  • The tax authority could implement enhanced revenue mobilisation. 
  • Actions would be brought against habitual defaulting taxpayers. 
  • Use of automated tax collection systems would effectively enhance the collection of certain indirect taxes.

 

Read a November 2018 report prepared by the KPMG member firm in Ghana

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