Ghana Tax Tables
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Published on: 2023-04-17 10:58:20
Last modified: 2023-04-25 13:35:44
Rating: ★★★★★ [ 1 Votes ]
Reference(s) Ghana Revenue Department
Tax tables last updated: 2023-04-19 13:12:44
Currency Ghanaian Cedi [ GHS ] [ ₵ ]
Introduction
On this page you will find:
- The latest tax tables for Ghana which are used as the default tax year for Ghana tax calculations in our apps.
- A list of previous tax years tax tables for Ghana, these tax years can also be used with the Ghana tax calculators by selecting alternate tax years.
The tax tables are split into two seperate categories, these are Personal Income Tax Tables (PIT) and Corporate Income Tax Tables (CIT).
Ghana Personal Income Tax (PIT)
PIT includes the tax rates and thresholds that are applied when calculating taxes targeted at individuals, for example, income tax is a tax applied against individuals and therefore categorised as PIT.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | ₵ 0.000.00 | to | ₵ 4,380.00 |
| 5% | ₵ 4,380.01 | to | ₵ 5,700.00 |
| 10% | ₵ 5,700.01 | to | ₵ 7,260.00 |
| 17.5% | ₵ 7,260.01 | to | ₵ 43,260.00 |
| 25% | ₵ 43,260.01 | to | ₵ 240,000.00 |
| 30% | ₵ 240,000.01 | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 25% | Flat rate on all taxable income | ||
Social Security Contributions for Employees
| 5.5% | Ghana SSNIT Resident employee rate in 2023 |
| ₵ 42,000.00 | Ghana Maximimum SSNIT Resident employee contributions in 2023 |
| 5.5% | Ghana SSNIT Non-resident employee rate in 2023 |
| ₵ 42,000.00 | Ghana Maximimum SSNIT Non-resident employee contributions in 2023 |
Social Security Contributions for Employers
| 13% | Ghana SSNIT Resident employer rate in 2023 |
| 13% | Ghana SSNIT Non-resident employer rate in 2023 |
Ghana Corporate Income Tax (CIT)
CIT includes the tax rates and thresholds that are applied when calculating taxes targeted at businesses, for example, corporation tax is a tax applied against businesses and therefore categorised as CIT.
| VAT Rate | VAT Rate Type |
|---|---|
| 3% | Reduced Rate |
| 5% | Reduced Rate |
| 12% | Standard Rate |
Ghana Tax Years supported by the Tax Calculator
The following tax years are supported by the Tax Calculator. Please contact us if you would like us to add further historical tax years or require additional tax information or metrics which are not currently covered within the Tax Calculator apps.