Income Tax Act, 2015 (Act 896)

The Income Tax Act, 2015 (Act 896) is a comprehensive legislation that outlines Ghana's rules and obligations for income tax. It serves as the core document for managing income tax in Ghana, covering areas such as the taxation of individuals, corporate entities, partnerships, and trusts. Key sections in this act detail income sources, allowable deductions, tax rates, and exemptions. Additionally, it addresses tax administration, compliance requirements, and penalties for non-compliance. Act 896 is essential for businesses and individuals to ensure they fulfill their tax responsibilities in line with Ghanaian tax law.