The Ghana Revenue Authority (GRA) announces for the information of the general public, especially Companies, Entities, Individuals, including Self-Employed Persons and Partnerships, that following the passage of the Income Tax (Amendment) Act, 2026 (Act 1178), the income tax rates has been amended. The effective date of implementation is September 1, 2026.
| Year of Assessment 2026 | Chargeable Income GH¢ | Rate % |
|---|---|---|
| First | 588.00 | – |
| Next | 80.00 | 5.00 |
| Next | 100.00 | 10.00 |
| Next | 2,900.00 | 17.50 |
| Next | 16,000.00 | 25.00 |
| Next | 30,332.00 | 30.00 |
| Exceeding | 50,000.00 | 35.00 |
| Year of Assessment 2026 | Chargeable Income GH¢ | Rate % |
|---|---|---|
| First | 7,056.00 | – |
| Next | 960.00 | 5.00 |
| Next | 1,200.00 | 10.00 |
| Next | 34,800.00 | 17.50 |
| Next | 192,000.00 | 25.00 |
| Next | 363,984.00 | 30.00 |
| Exceeding | 600,000.00 | 35.00 |
The turnover threshold for presumptive taxation under the Modified Taxation Scheme (MTS) has been increased. Individuals whose annual business turnover is more than GH₵20,000 but does not exceed GH₵750,000 will be subject to a presumptive tax of 3% of their annual business turnover.
All are entreated to take note and be guided accordingly.
Contact Information:
Email: info@gra.gov.gh | Toll-Free: 0800-900-110 | WhatsApp: 055-299-0000 / 020-063-1664
COMMISSIONER-GENERAL
