The Ghana Revenue Authority (GRA) has stated that employees who earn GH¢365 and below as monthly salary or GH¢4,380 as annual salary will not be taxed.
The Authority in a tweet explained that the decision is pursuant to Income Tax (Amendment) (No. 2) Act 2021. (Act 1071).
“We are happy to inform you that, with the amendment (no. 2) of the Income Tax Act, 2021 (Act 1071), any employee (worker) who receives Ghc365 and below as monthly salary or Ghc 4,380.00 as annual salary is taxed at 0% the statement from GRA stated.
This comes as a relief to many workers who earn low income but have to pay tax out of it.
Source: Mybrytnewsroom.com/Kwabena Nyarko Abronoma
