Dear EMHR User
Please take note that the Ghana tax rates have changed, effective 1 August 2018 as per the Income Tax (Amendment) Act, 2018 which was assented by the President on 31 July 2018.
The chargeable income of a non-resident also increased from 20% to 25%.
Monthly tax tables effective 1 August 2018:
It is imperative that the new patches be loaded before August 2018 processing is completed as Ghana has a strictly monthly tax calculation.
Also note that on V12 the pay plan consists of a strictly monthly tax calculation and a final recalculation at tax year end (or upon termination). Users need to select the required tax calculation method on the legal data tab in the first period of the tax year. If the company selected the tax calculation option “Final recalculation at tax year end” please take note that in the following scenarios it is advised to terminate the employee’s contract at the end of July 2018 (with the final exit flag ticked) and create a new contract with a new contract chrono number in August 2018.
- Permanent/Temporary Residents whose monthly income is expected to be more than 3241 in the tax year (or annual income is expected to be more than 38 892),
- Permanent/Temporary Non-Resident
- Part-time Non-Resident
Regards
EMHR Support