1. Fifth Schedule to Act 896 amended

Personal Reliefs in the fifth Schedule have been revised as follows:

Type Of Reliefs Pervious Relief GH₵ Current Relief GH₵
Marriage / Responsibility 200 1,200 per Year  
Old Age (Granted persons age 60 years and above) 200 1,500 per Year
Child Education (Granted for a maximum of 3 children enrolled in recognized registered educational institutions in the country). 200 600 per Child per Year
Aged Dependant Relative (Granted for up to two (2) dependant relatives of 60 years or more. 100 1,000 per Year
Professional Training Relief   400 2,000 per Year
  • Sixth Schedule to Act 896 amended

Tax holidays under the Ghana Automotive Manufacturing Development Programme

The income of a manufacturer or assembler in respect of the manufacture or assembling of

(a)  semi-knocked down vehicles is exempt from tax for a period of three years from the date of commencement of the manufacturing or assembling business; and

(b)  complete-knocked down vehicles is exempt from tax for a period of ten years from the date of commencement of the manufacturing or assembling business.

The concessions are cumulative such that a manufacturer or assembler who starts with semi-knocked down vehicles and converts to complete-knocked down vehicles is not entitled to a concessionary period greater than an aggregate of ten years.     

  • Effective Date

These amendments took effect from 1st January, 2020.

The Commissioner-General requests the general public particularly taxpayers in the informal sector, businesses, business owners, directors of finance, tax professionals, accounting staff, accountants, auditors, tax consultants, tax advisors and paymasters to take note and comply accordingly.

COMMISSIONER-GENERAL

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