WebInland Revenue (Amendment) Act No.10 of 2024 The Inland Revenue (Amendment) Act No. 10 of 2024 ( ^Amendment Act _) certified by the Hon. Speaker on 13 May 2024, amends the Inland Revenue Act No. 24 of 2024 ( ^IRA _). A summary of the key amendments to the IRA is given below. 1. Employment income - Gains and profits excluded Medical expenses Webamendments to the income tax act, (act 896) 2024 / 2024 The Ghana Revenue Authority wishes to inform the general public that following the passage of the Income Tax …
GRA – Ghana Revenue Authority
http://www.kenyalaw.org/kl/index.php/typo3/fileadmin/pdfdownloads/AmendmentActs/2014/fileadmin/pdfdownloads/Acts/2024/index.php?id=613 WebMar 3, 2024 · 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%. The CIT rate for companies engaged in non-traditional exports is 8%, while banks lending to the agricultural and leasing sectors pay a … great rift lodge naivasha golf
INCOME TAX ACT, 2015 (ACT 896) As Amended by INCOME …
WebSection 1—First Schedule of 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 CHARGEABLE INCOME RATE OF TAX (%) 1. FIRST GH ¢3,132 NIL 2. NEXT GH ¢840 5 percent 3. NEXT GH ¢ 1,200 10 percent 5. NEXT GH ¢81,108 25 percent WebAN ACT to amend the Revenue Administration Act, 2016 (Act 915) to establish an Independent Tax Appeals Board, provide for the payment of a shortfall in tax liability … WebDetermine the allowable financial cost for the year ended 31 December 2024. ii. Prepare a revised tax computation to determine the chargeable income for the year ended 31 December 2024. iii. Calculate the tax payable by Prime Shea Ltd under the Income Tax Act 2015 (Act 896) as amended. great rift valley animals