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GHANA REVENUE AUTHORITY DOMESTIC TAX REVENUE DIVISION MONTHLY P.A.Y.E DEDUCTIONS RETURN ALL CURRENCY IN GHS CURRENT TAX OFFICE LTO MTO STO (Tick One) Name of GRA Tax Office PERIOD (mm/yyyy) NAME NEW.

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(PDF) DT 0107 ver 1.2 GHANA REVENUE AUTHORITY ...
DT 0107 ver 1.2 GHANA REVENUE AUTHORITY MONTHLY P.A.Y.E DEDUCTIONS RETURN ALL CURRENCY IN...
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Introduction Revenue is an increase in net worth resulting from a transaction. There are four main sources of revenue: Taxes and other compulsory transfer imposed by government units. Property income derived from the ownership of assets. Sale of goods and services. Voluntary transfers received from other units (Grants)

The Ghana Revenue Authority recently announced the amendment of different tax laws with effect from 1 January 2023, including measures announced as part of the 2023 Budget. The two main measures include a reduction in the Electronic Transfer Levy headline rate to 1% and an increase in the VAT rate from 12.5% to 15.0%.

Personal income tax rates Chargeable income (GHS*)Rate of tax (%)Next 36,00017.5Next 196,74025.0Next 359,55630.0Exceeding 600,00035.03 more rows • Aug 15, 2023

Direct tax is intended to be paid by the person or the organization on whom/which the tax is actually levied, the impact and incidence being on the same person or organisation. eg. Income tax, Capital gains tax and Gift tax.

The general withholding tax rates for payments for contracts for the supply or use of goods, supply of works and for the supply of any services involving one resident person to another resident person ranges from 3% to 7.5% and is on account of tax liability.

Withholding of VAT VAT withholding agents are required to withhold from payments for standard rated supplies 7% of the taxable output value for VAT purposes, i.e. the taxable value inclusive of NHIL and GETFL, and issue a Withholding VAT Credit Certificate at the time of payment.

Withholding from Investment Returns This withholding tax does not apply to: Employee's income; Payments by an individual unless made in conducting a business; Interest paid to a resident financial institution; or.

VAT withholding agents are required by law to withhold 7% on the taxable value and submit that amount to the Ghana Revenue Authority. Please enter the Payment Amount and select the check if the value includes VAT, NHIL and GetFund.

Some of the most common examples of direct taxes include income tax, corporate tax, capital gains tax and property tax. These taxes are based on income or assets.

The general corporate income tax (CIT) rate is 25%. Mining and upstream petroleum companies pay CIT at a rate of 35%, while companies principally engaged in the hotel industry pay a reduced rate of 22%.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232