{"id":745789,"date":"2022-01-12T07:20:47","date_gmt":"2022-01-12T07:20:47","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/01\/12\/salaries-of-gh%c2%a2365-and-below-wont-be-taxed-gra\/"},"modified":"2022-01-12T07:20:47","modified_gmt":"2022-01-12T07:20:47","slug":"salaries-of-gh%c2%a2365-and-below-wont-be-taxed-gra","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/01\/12\/salaries-of-gh%c2%a2365-and-below-wont-be-taxed-gra\/","title":{"rendered":"Salaries of GH\u00a2365 and below won&#8217;t be taxed \u2013 GRA"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"floatLeft\">Business News of Wednesday, 12 January 2022<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>classfmonline.com<\/p>\n<p>2022-01-12<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2021\/07\/17611235.295.jpg\" alt=\"The Ghana Revenue Authority (GRA)\" title=\"The Ghana Revenue Authority (GRA)\" width=\"295\" height=\"221\" \/> <span class=\"image_caption\"><span>The Ghana Revenue Authority (GRA)<\/span><\/span><\/p>\n<\/div>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p style=\"clear:right\" id=\"article-123\">The Ghana Revenue Authority (GRA) has said persons who are paid GH\u00a2365 and below as monthly salary will no longer pay taxes on their income.<\/p>\n<p>This means all workers whose annual salary is GH\u00a24,380 will be taxed at 0 percent.<\/p>\n<p>\u201cWe are happy to inform you that, with the amendment (no. 2) of the Income Tax Act, 2021 (Act 1071), any employee (worker) who receives GH\u00a2365 and below as monthly salary or GH\u00a24,380.00 as annual salary is taxed at 0%, &#8220;the GRA tweeted on Monday, 10 January 2022.<\/p>\n<p>According to the GRA, the Act is \u201cto amend the Income Tax Act, 2015 (Act 896) to review the rates of income tax for individuals; to reduce the withholding tax rate for sale of unprocessed gold by small scale miners; to increase the threshold for an individual to whom the presumptive tax under the Modified Taxation Scheme applies; to extend the Covid-19 concessions granted in 2021 for further six months in 2022 and to provide for related matters.\u201d<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Wednesday, 12 January 2022 Source: classfmonline.com 2022-01-12 The Ghana Revenue Authority (GRA) The Ghana Revenue Authority (GRA) has said persons who are paid GH\u00a2365 and below as monthly salary will no longer pay taxes on their income. This means all workers whose annual salary is GH\u00a24,380 will be taxed at 0 percent. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":212704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-745789","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/745789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=745789"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/745789\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=745789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=745789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=745789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}