Income Tax (Amendment) (No. 2) Act 979, 2018

1 INCOME TAX (AMENDMENT) (NO.2) ACT, 2018 (ACT 979) ARRANGEMENT OF SECTIONS Section First Schedule to Act 896 amended 2 ACT 979 THE NINE HUNDRED AND SEVENTY-NINETH ACT OF THE PARLIAMENT OF THE REPUBLIC OF GHANA ENTITLED INCOME TAX (AMENDMENT) (NO.2) ACT, 2018 AN ACT to amend the First Schedule to the Income Tax Act, 2015 (Act 896) and to provide for related matters. DATE OF ASSENT: 28th December, 2018. PASSED by Parliament and assented to by the President: First Schedule to Act 896 amended The Income Tax Act, 2015 (Act 896) is amended in the First Schedule by (a) the substitution for the table in subparagraph (1) of paragraph 1, of " NO. CHARGEABLE INCOME RATE OF TAX 1. FIRST GH¢ 3,456 NIL 2. NEXT GH¢I,200 5 percent 3. NEXT GH¢I,680 10 percent 4. NEXT GH¢36,000 17.5 percent 5. NEXT GH¢197,664 25 percent 6. Exceeding GH¢240, 000 30 percent (b) the substitution for paragraph 8(1) (c) (ix), of 3 “(ix) in the case of goods, works or services referred to in section 116(10), twenty percent.”. Date of Gazette Notification: 31st December. 2018.