Internal Revenue Regulations, 2001 (LI 1675)

Legislative Instruments 1
INTERNAL REVENUE REGULATIONS, 2001 (LI 1675)

ARRANGEMENT OF REGULATIONS
PART ICALCULATION OF INCOME
Division 1: Chargeable Income
Regulation
1. Calculation of Chargeable Income
Division II: Deductions
2. Contributions to Charities
3. Scholarships
4. Donations for Rural and Urban Development
5. Donations for Sports Development and Promotion
6. Donations to Government for Worthwhile Causes
7. Bad Debts of Banks
8. Capitalization of Foreign Exchange Losses
9. Deductions not Allowed
10. Treatment of Losses
Division III: Tax Accounting
11. Generally Accepted Accounting Principles
12. Long-term Contracts
13. Trading Stock
14. Consumable Stores
Division IV: Miscellaneous Rules
15. Leases
16. Rent Income from Residential and Commercial Premises
17. Personal Reliefs and Reductions
PART IIEXEMPTIONS
18. Extension of Bond Interest Exemption
19. Diplomatic Officers
20. Government Contract Officers
PART IIIINSURANCE
Copyright 2003, DataCenta Ltd. PriceWaterhouse Coopers (Ghana) Ltd.

21. Reserve for Unexpired Risks

22. Income from Life Insurance Business to be Calculated Separately
PART IVINTERNATIONAL MATTERS
23. Treatment of Foreign Outgoings, Expenses, and Losses
24. Repatriated Profits of a Permanent Establishment in Ghana
PART VPAYMENT OF TAX
Division ITax Instalments
25. Tax Instalments Payable by Members of Certain Associations
Division IIWithholding of Tax from Income from Employment
26. Employers Required to Withhold Tax
27. Amount to be Withheld by Employers Generally
28. Amount to be Withheld by Employers from Overtime and Bonuses
29. Qualifying Cash Payment
30. Employee's Employment Tax Liability
31. Primary Employment
32. Tax Reliefs and Tax Reliefs Cards
33. Substantiated Retirement Contributions
34. Consecutive Primary Employment
35. Returns by Employer
36. Deemed Employee Assessments
37. Returns of Income of Individual with Two or More Employments
38. Definitions
Division IIIWithholding of Tax from Other Amounts
39. Payment to Residents for Goods and Services
40. Payment to Non-residents for Goods and Services
41. Premiums Paid to Non-resident Insurers
PART VIADMINISTRATION
42. Service of Documents Electronically
PART VIIDISPUTE RESOLUTION
43. Proceedings Relating To Tax Assessment
44. Registration on Commencement and Notification on Cessation of Business
PART IXINTEREST, PENALTIES, AND OFFENCES
45. Interest, Penalty, and Offence Provisions in Act to Apply

PART XINTERPRETATION
46. Interpretation
PART XITRANSITIONAL PROVISIONS AND COMMENCEMENT
47. Capital Allowances
48. Self-assessment
49. Withholding of Tax from Income from Employment
50. Commencement
SCHEDULES
IN exercise of the powers conferred on the Minister responsible for Finance by section 114 of the
Internal Revenue Act, 2000 (Act 592), these Regulations are made this 8th day of June, 2001.
PART ICALCULATION OF INCOME
Division I: Chargeable Income

Regulation 1Calculation of Chargeable Income
Subject to the Act, the chargeable income of a person for a year of assessment shall be calculated in
accordance with the steps set out in Schedule One to these Regulations.
Division II: Deductions

Regulation 2Contributions to Charities
Any contribution made by a person during a year of assessment to a charitable institution or fund
approved by the Government may be deducted in calculating the person's chargeable income for the year.
Regulation 3Scholarships
Any amount expended by any company or body of persons during a year of assessment under a scheme
of scholarship approved by the Government for a technical, professional or other course of study may be
deducted in calculating the chargeable income of that company or body of persons for the year.
Regulation 4Donations for Rural and Urban Development

Any donation made by a person during a year of assessment for the purpose of development of any rural
or urban area and approved by the Government may be deducted in calculating the person's chargeable
income for the year.
Regulation 5Donations for Sports Development and Promotion

Any donation made by a person during a year of assessment for the purpose of sports development or
sports promotion and approved by the Government may be deducted in calculating the person's
chargeable income for the year.

Regulation 6Donations to Government for Worthwhile Causes

Any donation made by a person during a year of assessment to the government for worthwhile
government causes approved by the Commissioner may be deducted in calculating the person's
chargeable income for the year.
Regulation 7Bad Debts of Banks

For the purposes of section 18 of the Act, a debt claim of a bank regulated under the Banking Law, 1989
(P.N.D.C.L. 225) is considered a bad debt where the debt is written off in accordance with the standards
of the Bank of Ghana.
Regulation 8Capitalisation of Foreign Exchange Losses

(1) A foreign exchange loss of a capital nature referred to in subsection (2) of section 21 of the Act may
only be capitalised and capital allowances granted to a person where the loss is incurred by the
person in the production of income from a business.
(2) A foreign exchange loss that meets the requirements of sub-regulation (1), shall, together with any
other such losses, be placed in a pool separate from assets of the business and depreciated in
accordance with paragraph 3 of the Third Schedule of the Act.
(3) The depreciation rate applicable to a pool of capitalised foreign exchange losses referred to in
sub-regulation (2) is 10%.
(4) Any capital allowances granted with respect to a pool of capitalised foreign exchange losses referred
to in sub-regulation (2) may only be deducted in calculating income from the business referred to in
sub-regulation (1).
Regulation 9Deductions not Allowed

(1) Paragraph (a) of subsection (1) of section 23 of the Act shall not restrict a deduction otherwise
available under section 39, 57, or 60 of the Act or under regulation 2, 3, 4, 5, or 6 of these
Regulations.
(2) Paragraph (b) of subsection (1) of section 23 of the Act shall not restrict a deduction otherwise
available under section 16, 17, 19, 20, 22, 39, 57 or 60 of the Act or under regulation 2, 3, 4, 5, or 6
of these Regulations.
(3) Paragraph (e) of subsection (1) of section 23 of the Act shall not restrict a deduction otherwise
available under section 20 of the Act.
Regulation 10Treatment of Losses

(1) In deducting a loss from any income in respect of any basis period losses incurred from a business
and an investment shall be treated separately.
(2) A loss incurred from a business shall not be set off against or deducted from an income from an
investment and a loss incurred from an investment shall not be set off against or deducted from an
income from a business.
(3) No deduction shall be made under subsection (1) of Section 22 of the Act unless a claim in respect of

the loss is made to the Commissioner in writing within twelve months after the end of the basis
period in which the loss was incurred.
Division III: Tax Accounting

Regulation 11Generally Accepted Accounting Principles
For the purposes of the Act and, in particular, section 25, generally accepted accounting principles
means those adopted by the Institute of Chartered Accountants (Ghana) from time to time.
Regulation 12Long-term Contracts

Where there is a change in ownership of an entity of the type referred to in section 54 of the Act and after
the change, the entity incurs a loss which is attributable to a long-term contract, the loss may not be
carried back under subsection (3) of section 30 of the Act to a basis period commencing before the
change.
Regulation 13Trading Stock

(1) For the purposes of section 31 of the Act, the closing value of trading stock for a basis period shall
not exceed the opening value of the trading stock for the period plus the cost of trading stock
acquired during the period.
(2) No deduction is separately available for any cost, expense or amount that forms part of the cost of
trading stock.
Regulation 14Consumable Stores

(1) For the purposes of ascertaining the income of a person for a basis period from any business, but
subject to sub-regulation (2) of regulation 13, the cost of consumable stores of the business may be
deducted only where the stores are not on hand at the end of the period.
(2) The cost of consumable stores that are not on hand at the end of a basis period shall be determined in
the same manner as the cost of trading stock disposed of during a basis period referred to in section
31 of the Act and regulation 13.
Division IV: Miscellaneous Rules

Regulation 15Leases
(1) Capital allowances shall not be granted to the lessee of an asset, whether the asset is leased under an
operating or finance lease, but, where the asset is used in the production of income from a business or
investment, a deduction may be available for lease rent incurred under the lease.
(2) A lessor who leases an asset under an operating lease
(a) may, by reason of subparagraph (2) of paragraph 2 of the Third Schedule of the Act, be granted
capital allowances with respect to the asset; and
(b) shall include the whole amount of rent paid under the lease in calculating the lessor's income.
(3) A lessor who leases an asset under a finance lease
(a) is not entitled to capital allowances in respect of the asset; but
(b) may reduce the amount of rent included in calculating the lessor's income by a capital amount
determined in accordance with guidelines issued by the Commissioner.
(4) The capital amount determined under paragraph (b) of sub-regulation (3) shall not exceed the actual
cost of the asset at the end of the lease term.
(5) If in respect of any particular basis period the capital amount determined under paragraph (b) of
sub-regulation (3) is not deducted in calculating the lessor's income that amount shall not be carried
forward.
Regulation 16Rent Income from Residential and Commercial Premises

(1) Where an individual receives rent income from any residential or commercial premises the
Commissioner may calculate tax on the rent income separately at a flat rate of 10% on the gross rent
income in a year of assessment.
(2) The amount computed under sub-regulation (1) shall be paid by that person to the Commissioner as a
final tax and accordingly that rent income shall not be included in ascertaining that individuals
income.
(3) Where sub-regulation (2) applies, the individual shall not be entitled to any deduction under Division
III of Part III of Chapter I of the Act.
(4) Where a person other than an individual receives rent income which is not a business income in any
year of assessment that person shall pay tax at the rate of 10% on the gross rent income and the
provisions of sub-regulations (2) and (3) shall apply to that income.
Regulation 17Personal Reliefs and Reductions

(1) Unless extended by way of double taxation arrangement, non-resident persons are not entitled to
(a) personal reliefs under section 39 of the Act;
(b) a reduction for life insurance premiums under section 57 of the Act; or
(c) a reduction for contributions to the Social Security Pension Scheme under section 60 of the Act.
(2) Personal reliefs available under paragraph (f) of subsection (1) of section 39 of the Act shall not
exceed the lesser of the cost referred to in that paragraph and fifty currency points.
PART IIEXEMPTIONS
Regulation 18Extension of Bond Interest Exemption

Interest paid to a non-resident person on bonds issued by the government of Ghana is exempt from tax.
Regulation 19Diplomatic Officers

(1) Subject to sub-regulation (2), members of the Ministry of Foreign Affairs and officers attached to
official Ghanaian diplomatic or consular missions abroad are exempt from income tax in respect of
cost-of-living allowances for services rendered outside Ghana.
(2) Training allowances paid in lieu of salary are not exempt by reason of sub-regulation (1)

Regulation 20Government Contract Officers

(1) Individuals who are not citizens of Ghana and whom the Government employs on a temporary basis
are exempt from income tax with respect to any income from the employment which is
(a) expressed to be exempt from income tax under the terms of the employment contract, and
(b) paid by the Government out of the Consolidated Fund.
(2) Any income of an individual described in sub-regulation (1) that is not covered by an exemption
under that sub-regulation shall be taxed in accordance with the Act.
PART IIIINSURANCE
Regulation 21Reserve for Unexpired Risks

For the purposes of paragraph (c) of subsection (3) of section 56 of the Act, reserve for unexpired risks
means the reserve required to be maintained by the insurer under section 23 of the Insurance Law, 1989
(P.N.D.C.L. 227).
Regulation 22Income from Life Insurance Business to be Calculated Separately

(1) A person's activities in conducting a life insurance business are treated as a business separate from
any other activity of the person and the persons income or loss from the business for any year of
assessment shall be calculated separately.
(2) Where a person conducting a life insurance business derives amounts that but for subsection (2) of
section 58 would be included in calculating income from the life insurance business
(a) the person's activities in deriving those amounts are treated as a business separate from the life
insurance business; and
(b) those amounts shall be included in calculating the person's income from that separate business.
PART IVINTERNATIONAL MATTERS
Regulation 23Treatment of Foreign Outgoings, Expenses, and Losses

(1) Any outgoing, expense, or loss incurred by a person, to the extent that it is not incurred in the
production of income accruing in or derived from Ghana
(a) shall not be deducted in calculating income accruing in or derived from Ghana; but
(b) may, if deductible under the Act, be deducted only in calculating income accruing or derived from
outside Ghana.
(2) In accordance with section 64 of the Act and sub-regulation (1), a person shall calculate
(a) any income of the person from a business or investment that is not accrued in or derived from
Ghana; or
(b) any loss of the person from a business or investment that is not incurred in Ghana,
separately from any income or loss of the person from that business or investment accruing in, derived
from or incurred in Ghana, as the case requires, and a loss from one calculation shall not be set against
income from the other calculation.
Regulation 24Repatriated Profits of a Permanent Establishment in Ghana

(1) For the purposes of section 66 of the Act, the repatriated profits for a basis period of a permanent
establishment of a non-resident person in Ghana shall be calculated in accordance with this
regulation.
(2) For the purposes of calculating the repatriated profits of a permanent establishment in Ghana, the
non-resident person shall maintain in Ghana an accumulated profits account which, at the end of each
basis period of the person, shall be
(a) credited with the net profits; and
(c) debited with the repatriated profits,
of the permanent establishment for the period.
(3) Subject to sub-regulation (4), the repatriated profits of a permanent establishment for a basis period
are calculated according to the following formula
A+B-C
where
A is the total balance sheet value of assets, net of liabilities, of the permanent establishment at the
commencement of the period;
B is the net profit of the permanent establishment for the period or, where the permanent
establishment has a net loss for the period, that loss expressed in a negative amount; and
C is the total balance sheet value of assets, net of liabilities, of the permanent establishment at the end
of the period.
(4) The repatriated profits of a permanent establishment for a basis period shall not exceed the sum of
(a) the net profit of the permanent establishment for the year; and
(b) the balance of the permanent establishment's accumulated profits account at the end of the previous
basis period after the adjustments referred to in sub-regulation (2).
(5) For the purposes of this regulation
(a) the net profit of a permanent establishment for a basis period is such profit as reduced by the tax
payable on the chargeable income of the non-resident person relating to activities of the permanent
establishment for the period;
(b) the total balance sheet value of assets of a permanent establishment and the net profit or loss of a
permanent establishment shall be calculated in accordance with the accounting principles adopted
by the Institute of Chartered Accountants (Ghana) from time to time; and
(c) the total balance sheet value of assets at the commencement of a basis period equals the total
balance sheet value of assets at the end of the previous basis period.
(6) Subject to section 111 of the Act, the tax imposed on a non-resident person under section 66 of the

Act is in addition to any other tax imposed on that person.
PART VPAYMENT OF TAX
Division I: Tax Instalments

Regulation 25Tax Instalments Payable by Members of Certain Associations
(1) This regulation applies to the associations, occupational groups, and classes of persons mentioned in
the table in paragraph 1 of Schedule Two to these Regulations.
(2) An association or occupational group identified in the table in paragraph 1 of Schedule Two shall
collect tax from the class of persons identified in that table and those persons shall pay the tax in
accordance with that Schedule.
(3) Tax collected by an association or occupational group under sub-regulation (2) shall be paid to the
Commissioner not later than the end of the week following the week in which it is collected from the
person.
(4) In accordance with the definition of tax in section 167 of the Act, tax collected from a person by an
association or occupational group under sub-regulation (2), in addition to being tax paid by the
person, is treated as tax payable by the association or occupational group on behalf of the person and
is due at the time referred to in sub-regulation (3).
(5) Any tax collected from a person under this regulation does not relieve the person from the obligation
to file a return of income under section 72 of the Act but shall be credited against tax assessed to the
person in accordance with subsection (9) of section 80 of the Act.
(6) Subject to sub-regulation (7) a person who pays tax to an association or occupational group in
accordance with this regulation is not required to pay tax by quarterly instalments under subsection
(1) of section 80 of the Act.
(7) Where the Commissioner is of the opinion at any time that a person who belongs to any class of
persons identified in Schedule Two should come within the provisions of subsection (1) of Section
80 of the Act, the Commissioner may direct in writing that that person shall not pay tax in
accordance with this regulation and section 76 of the Act shall apply
(8) The principal officers of any association or occupational group which collects tax from any class of
persons identified in the Schedule shall be jointly and severally liable for the proper accounting of
any money collected by virtue of these Regulations.
(9) Notwithstanding sub-regulation (8) any person who belongs to any class of persons identified in
Schedule Two who fails or refuses to pay due date tax specified in that Schedule shall be treated as
having failed to pay the tax on due date and Regulation 45 shall apply to that person in addition to
any other enforcement provision of the Act.
Division II: Withholding of Tax From Income from Employment

Regulation 26Employers Required to Withhold Tax
(1) An employer shall withhold sufficient tax from qualifying cash payments made to an employee
during a year of assessment to meet the employees employment tax liability for the year in
accordance with this Division.

(2) Only the following employers are required to withhold tax in accordance with section 81 of the Act
and this Division
(a) resident employers; and
(b) non-resident employers with a permanent establishment in Ghana.
(3) For the purposes of the Act and this Division,
(a) any non-resident public entertainer including a stage, motion picture, or radio artist, musician,
athlete, or boxer who performs services in Ghana is treated as an employee;
(b) any person who makes payment for those services to the entertainer or an associate of the
entertainer is treated as the entertainers employer;
(c) the payment is treated as made to the entertainer in respect of the employment; and
(d) that payment is subject to withholding tax under section 81 of the Act and this Division and at the
rate mentioned in paragraph 2 of Part I of the First Schedule of the Act.
(4) An employer shall deduct tax at the appropriate rate from the qualifying cash payments payable to an
employee at the date the employee leaves the employment.
Regulation 27Amount to be Withheld by Employers Generally

(1) Subject to regulation 28, where an employer makes a qualifying cash payment to an employee during
a year of assessment, the employer shall withhold an amount from the payment calculated in
accordance with the following formula
AxB
C
where
A is the amount of the payment;
B is the employee's employment tax liability for the year estimated under sub-regulation (2) less tax
withheld under this sub-regulation by the employer from prior qualifying cash payments made by
the employer to the employee during the year; and
C is the total of the payment referred to in A and qualifying cash payments still to be made by the
employer to the employee during the year estimated under sub-regulation (2).
(2) For the purposes of making a calculation under sub-regulation (1), an employer shall, at the time of
making a qualifying cash payment to an employee
(a) make a reasonable estimate of
(i) the employees employment tax liability for the year of assessment during which the payment is
made; and
(ii) the amount of qualifying cash payments still to be made by the employer to the employee during
the year; or
(b) where an estimate has been made under paragraph (a) for the year of assessment in which the
payment is made, consider whether that estimate is still accurate and, if not, make a new estimate
under paragraph (a).
(3) In making an estimate under sub-regulation (2), an employer shall not take into account
(a) any tax reliefs of the employee unless the employee has provided the employer with a tax reliefs
card in accordance with sub-regulation (2) of regulation 32 prior to the estimate; or
(b) any life insurance premiums mentioned in paragraph (a) of sub-regulation (1) of regulation 33
unless the employee has provided the employer with a copy of the receipt as mentioned in that
paragraph prior to the estimate.
(4) On application in writing, the Commissioner may adjust the amount to be withheld under
sub-regulation (1) where the employees qualifying employment income will include an amount that
does not have a source in Ghana.
Regulation 28Amount to be withheld by Employers from Overtime and Bonus

(1) Where
(a) an employer makes a qualifying cash payment during a year of assessment to a qualifying junior
employee for overtime work by the employee; and
(b) the sum of the payment and other payments for overtime made by the employer to the employee
previously during the year does not exceed 50% of the employees qualifying employment income
from the employment for the year,
the employer shall withhold tax from the payment at the rate of
(i) in the case where the employee earns not more than 5.2 currency points per month from the
employment in respect of overtime, 2.5% of the gross amount of the payment; and
(ii) in the case where the employee earns more than 5.2 currency points per months from the
employment in respect of overtime, 10% of the gross amount of the payment.
(2) Where
(a) an employer pays a bonus to an employee during a year of assessment;
(b) the payment is a qualifying cash payment; and
(c) the sum of the payment and other bonuses paid by the employer to the employee previously during
the year does not exceed the lesser of
(i) 15% of the employee's qualifying employment income from the employment for the year; or
(ii) 720 currency points,
the employer shall withhold tax from the gross amount of the payment at the rate of 5%.
(3) Tax withheld under sub-regulation (1) or (2) is a final tax on the overtime or bonus payment and
(a) the payment shall not be included in calculating the employees income from the employment; and
(b) the tax paid by withholding satisfies the employees tax liability with respect to the payment and
may not be reduced by any tax credits allowed to the employee under the Act.
(4) Where an employer makes a payment to an employee for overtime or as a bonus and the employer is
not required to withhold tax from the payment under sub-regulation (1) or (2),
(a) the payment shall be included in calculating the employees income from the employment; and
(b) the employer shall withhold tax from the payment in accordance with the provisions of this
Division.
(5) For the purposes of this regulation, an employee is a qualifying junior employee for a year of
assessment if the employee is a junior staff member whose qualifying employment income from the
employment for the year does not exceed 6000 currency points.
Regulation 29Qualifying Cash Payment

(1) A qualifying cash payment is a payment
(a) made by an employer to an employee or on behalf of an employee that is required to be included in
the employee's qualifying employment income for a year of assessment, and
(b) that is made (in whatever currency) in cash, by cheque or other bill of exchange drawn on a
financial institution or that otherwise involves a debit to an account of the employer held with a
financial institution.
(2) Where the amounts required to be withheld by an employer under regulation 27 are not sufficient to
meet an employees employment tax liability for a year of assessment, including by reason of in-kind
payments, the employer shall pay tax in an amount equal to the insufficiency.
(3) Any tax payable by an employer under sub-regulation (2),
(a) shall be paid
(i) within fifteen days after the end of the year of assessment, and
(ii) in the same manner as provided for by section 87 of the Act for tax withheld from qualifying cash
payments to an employee;
(b) shall be treated as paid by the employee for the purposes of calculating the employee's tax liability
for the year but shall not be included in calculating the employee's income;
(c) shall not be deducted in calculating the income of the employer; and
(d) shall not be recoverable by the employer from the employee.
Regulation 30Employee's Employment Tax Liability

(1) Subject to sub-regulation (2), an employees employment tax liability for a year of assessment is
calculated
(a) in the case of a primary employment of the employee, by applying the appropriate rates in Part I of
the First Schedule of the Act to the excess of the following
(i) the employee's qualifying employment income from the employment for the year; less
(ii) the employee's tax reliefs and substantiated retirement contributions for the year; and
(b) in the case of a secondary employment of the employee, by applying to the employee's qualifying
employment income from the employment for the year,

(i) where the employee is a resident individual, the highest rate mentioned in paragraph 1 of Part I of
the First Schedule of the Act; and
(ii) where the employee is a non-resident individual, the rate mentioned in paragraph 2 of Part I of
the First Schedule of the Act.
(2) Where
(a) an employer is required to withhold tax in accordance with regulation 27 at the rate mentioned in
subparagraph (i) of paragraph (b) of sub-regulation (1) from qualifying cash payments made to an
employee during a year of assessment; and
(b) withholding at that rate would cause hardship for the employee by reason that none of the
employee's chargeable income for the year is likely to be taxed at that rate,
the Commissioner may, on application from the employee, reduce the rate at which the secondary
employer must withhold tax in accordance with sub-regulation (3).
(3) Where an employee applies to the Commissioner for a reduction of tax rate by reason of hardship
under sub-regulation (2) the Commissioner shall apply the following rates
(a) where the income from the secondary employment does not exceed 2,400,000 per annum at a flat
rate of 15%.
(b) where the income from the secondary employment exceeds 2,400,000 but does not exceed
5,400,000 per annum at a flat rate of 20% and
(c) where the income from the secondary employment exceeds 5,400,000 per annum at a flat rate of
30%.
(4) For purposes of these Regulations a person will be said to suffer a hardship under sub-regulation (2)
where the tax payable on the aggregate income from that persons primary and secondary
employment in the year of assessment is 50% higher than that which that person would otherwise be
liable to pay in respect of that income under the provision of Section 1(2) of the Act.
Regulation 31Primary Employment

(1) The primary employment of an employee for a year of assessment is the employment with respect to
which the employee has provided an employer with a declaration under sub-regulation (2) that relates
to the year.
(2) For the purposes of sub-regulation (1), an employee may furnish an employer with a declaration
nominating the employment as the employees primary employment and the declaration
(a) shall be in the form prescribed by the Commissioner and may be incorporated in the form for the
tax reliefs card;
(b) shall be signed and dated by the employee and the employer; and
(c) may relate to one or more years of assessment.
(3) An employee shall not have more than one primary employment at any one time.
(4) An employee may withdraw a nomination made under regulation (2)[sic](1) only at the end of a year
of assessment.

(5) Where an employee has a primary employment that ceases during a year of assessment and, after that
cessation, provides a different employer with the employees tax reliefs card current for the year and
filled out in accordance with regulation 34, the different employer becomes the employees primary
employer.
Regulation 32Tax Reliefs and Tax Reliefs Cards

(1) On application by an employee on a prescribed form in accordance with such procedure as the
Commissioner may determine, the Commissioner may issue the employee with a tax reliefs card
certifying the personal reliefs to which the employee is entitled under section 39 of the Act for one or
more years of assessment.
(2) The tax reliefs of an employee for a year of assessment equal the amount certified on any tax reliefs
card issued to the employee by the Commissioner under sub-regulation (1) that covers the year but
only where the employee has provided the card to the employer of the employees primary
employment.
Regulation 33Substantiated Retirement Contributions

(1) Subject to the limit in sub-regulation (2), an employees substantiated retirement contributions for a
year of assessment are life insurance premiums referred to in subsection (1) of section 57 of the Act
and contributions made to the Social Security Pension Scheme referred to in subsections (3) and (4)
of section 60 of the Act where
(a) the premium is paid during the year by the employee and the employee has provided the employer
with a copy of the receipt for payment; or
(b) the premium or contribution is paid or to be paid during the year by the employer on the employees
behalf.
(2) An employees substantiated retirement contributions for a year of assessment shall not exceed the
limits referred to in subsection (2) of section 57 and subsection (5) of section 60 of the Act calculated
as though the only income derived by the employee for the year is the qualifying employment income
from the primary employment of the employee.
Regulation 34Consecutive Primary Employment

(1) Where an employee's primary employment ceases during a year the employer shall insert the
following information on the relevant part of the employees tax reliefs card,
(a) the amount of qualifying employment income derived by the employee from the employment for the
year to the date the employment ceases;
(b) the amount of tax withheld, in accordance with section 81 of the Act and regulation 26 (but not
regulation 28), from payments made by the employer to the employee with respect to the
employment that are made during the year to the date the employment ceases; and
(c) such further information as the Commissioner may require.
(2) An employer required to insert information on a tax reliefs card under sub-regulation (1) shall insert
the information and return the card to the employee by the time the employment ceases.
(3) Sub-regulation (4) applies where an employee
(a) ceases a primary employment during a year of assessment;

(b) provides the employees tax reliefs card, as adjusted under sub-regulation (1), to a different
employer during the year; and
(c) nominates the employment with the different employer as the employees new primary
employment under regulation 31 effective during the year but after the prior primary employment
has ceased.
(4) Where this sub-regulation applies, the new primary employer shall, for the purposes of calculating tax
to be withheld under regulation 27 from qualifying cash payments to be made to the employee during
the remainder of the year of assessment
(a) add to the qualifying employment income from the new primary employment for the year the
qualifying employment income notified by the employees prior primary employer on the tax
reliefs card; and
(b) add to tax considered to be withheld by the new primary employer during the year from qualifying
cash payments to employee, the amount of tax notified by the employees prior primary employer
as withheld on the tax reliefs card.
Regulation 35Returns by Employer

Where an employer has been an employer with respect to a primary employment during a year of
assessment, then, together with the return and information referred to in subsections (4) and (5) of
section 81 of the Act required to be furnished for the year, the employer shall furnish
(a) the official number of any tax reliefs card provided to the employer by an employee with respect to
the year; and
(b) the certificate of insurance relating to any employees life insurance for which receipts have been
furnished to the employer under paragraph (a) of sub-regulation (1) of regulation 33.
Regulation 36Deemed Employee Assessments

(1) For the purposes of subsection (7) of section 81 of the Act, an employees assessable income for a
year of assessment is considered to consist exclusively of income from an employment only if all
assessable income derived by the employee during the year consists of income from an employment
which at the time the income is derived is the employees primary employment.
(2) The condition in sub-regulation (1) may be met where an employee has more than one employment
during a year provided that at the time any amount to be included in calculating the employee's
assessable income is derived from an employment, that employment is the employee's primary
employment.
(3) An employee may qualify for the deemed assessment procedure under subsection (7) of section 81 of
the Act despite receiving payments that are exempt from tax or that are subject to final tax under
section 2 or 3 of the Act or regulation 28.
Regulation 37Returns of Income of Individual with Two or More Employments

(1) Where

(a) an individual has two or more employments at any one time during a year of assessment;
(b) all of the individuals employers are of the type referred to in sub-regulation (2) of regulation 26;
and
(c) the individual has no assessable income from any business or investment for the year,
the individual is not obliged to, but may, lodge a return of income for the year under section 72 of the
Act.
(2) Until such time as an individual referred to in sub-regulation (1) files a return of income, the
individuals tax liability for the year with respect to that individual's chargeable income is equal to
(a) the amounts required to be withheld from qualifying cash payments made to the individual during
the year under regulation 27; plus
(b) any amount payable by an employer for the year in respect of the individual under sub-regulation
(3) of regulation 29.
(3) An individual with two or more employments at any one time during a year of assessment that does
not fall within sub-regulation (1) shall furnish a return of income for the year in accordance with
section 72 of the Act.
Regulation 38Definitions
In this Division,
employees employment tax liability has the meaning in regulation 30;
primary employment with respect to an employee means the employment with respect to which the
employee has a declaration existing under regulation 31;
qualifying cash payment has the meaning in regulation 29;
qualifying employment income from an employment for a year of assessment is equal to the total of all
amounts
(a) that are required to be included in ascertaining the income of the employee from the employment
for the year; and
(b) that either have a source in Ghana or that are received by a resident individual during the year;
secondary employment with respect to an employee means any employment that is not the primary
employment of the employee;
substantiated retirement contributions of an employee for a year of assessment has the meaning in
regulation 33; and
tax reliefs and tax reliefs card of an employee for a year of assessment have the meanings in
regulation 32.
Division III: Withholding of Tax from Other Amounts

Regulation 39Payment to Residents for Goods and Services
The rate of withholding tax applicable to payments to a resident person for goods and services under Part

IV, paragraph 3, sub-paragraph (c) of the First Schedule to the Act shall be 7.5%.
Regulation 40Payment to Non-residents for Goods and Services

In exercising the power under subsection (2) of section 86 of the Act, the Commissioner may require the
person to withhold tax, at the rate provided in Part VIII of the First Schedule of the Act, from part only of
a payment.
Regulation 41Premiums Paid to Non-Resident Insurers

(1) A person who
(a) in the course of conducting a business or investment, enters into a contract for short-term insurance
with a non-resident person or a permanent establishment situated in Ghana of a non-resident
person; and
(b) pays to the non-resident person or permanent establishment a premium with respect to the insurance
that accrues in or is derived from Ghana,
shall withhold tax from the gross amount of the premium at the rate of 5%.
(2) The Act applies to tax withheld or required to be withheld under sub-regulation (1) as though the tax
were withheld or required to be withheld under Subdivision B of Division III of Part X of Chapter I
of the Act.
PART VIADMINISTRATION
Regulation 42Service of Documents Electronically

(1) For the purposes of the Act, where a person has notified the Commissioner in writing of an electronic
address for service of documents under the Act, including a facsimile number or electronic-mail
address, a document to be served on the person by the Commissioner under the Act is considered
sufficiently served if sent to the address.
(2) For the purposes of sub-regulation (1), a document is considered sent to an electronic address if the
sender receives
(a) in the case of a message sent to a facsimile number, confirmation from the sending facsimile
machine that the transmission is sent or okay; and
(b) in the case of a message sent to an electronic-mail address, confirmation from the server of the
recipient that the message has been received.
PART VIIDISPUTE RESOLUTION
Regulation 43Proceedings Relating to Tax Assessment

No person shall institute any proceedings relating to or any action in connection with any issue arising
out of an assessment under the Act except through the objection and appeal procedure provided in
Division II of Part III of Chapter IV of the Act.

PART VIIIREGISTRATION OF BUSINESS
Regulation 44Registration on Commencement and Notification on Cessation of Business

(1) No person shall carry on any business unless that person has registered that business with the
Commissioner on a prescribed form.
(2) Where any person in any year of assessment discontinues any business or changes the registered
address of the business in which he has been engaged, he shall notify the Commissioner in writing
within thirty days of the cessation or change of address of that business.
PART IXINTEREST, PENALITIES, AND OFFENCES
Regulation 45Interest, Penalty, and Offence Provisions in Act to Apply

The provisions of Subdivisions B, C, and D of Division III of Part III of Chapter IV of the Act apply to a
person who fails to comply with these Regulations as though these Regulations were a part of the Act.
PART XINTERPRETATION
Regulation 46Interpretation
(1) In these Regulations, the Act means the Internal Revenue Act, 2000 (Act 592).
(2) Expressions used in these Regulations that are used in the Act have, unless the context otherwise
requires, the same meaning in these Regulations as they have in the Act.
PART XITRANSITIONAL PROVISIONS AND COMMENCEMENT
Regulation 47Capital Allowances

(1) For a persons first basis period ending within the year of assessment 2001 (the first basis period),
the Third Schedule of the Act shall be applied in accordance with the steps set out in Schedule Three
to these Regulations.
(2) The residual value of a depreciable asset of a business of a person as at the end of the persons last
basis period ending within the year of assessment 2000 means,
(a) in the case of an asset with respect to which the person may have been granted capital allowances
under the Third Schedule of the Income Tax Decree, 1975 (S.M.C.D. 5)
(i) the cost of the asset; less
(ii) any capital allowances granted or that may have been granted to the person in respect of the asset
under the Third Schedule of the Income Tax Decree, 1975 (S.M.C.D. 5) assuming the person
claimed the allowances and was taxable with respect to the income of the business; and
(b) in the case of any other asset
(i) the cost of the asset; less

(ii) any capital allowances that may have been granted to the person in respect of the asset prior to
the year of assessment 2001 under the Third Schedule of the Act assuming
(A) the Act as passed was in force during the year of assessment in which the asset was acquired;
(B) the asset was placed in a pool of depreciable assets by itself; and
(C) the person claimed the allowances and was taxable with respect to the income of the business.
(3) A person shall not be granted any capital allowances with respect to a foreign exchange loss of a
capital nature referred to in subsection (2) of section 21 of the Act that was incurred prior to the Act
coming into force.
Regulation 48Self-assessment
For the purposes of subsection (3) of section 78 of the Act, the Commissioner may permit an estimate
under subsection (2) of that section to be furnished by a person at any time prior to the date by which the
person must pay the first instalment under section 80 of the Act.
Regulation 49Withholding of Tax from Income from Employment

(1) Withholding obligations under Division II of Part V of these Regulations come into effect on the date
these Regulations come into force.
(2) Notwithstanding sub-regulation (1), after these Regulations come into force employers may, at their
choice and without penalty but only until otherwise notified by the Commissioner, withhold tax from
payments to employees under
(a) Division II of Part V of these Regulations; or
(b) the arrangements existing before the commencement of the Act and these Regulations.
Regulation 50Commencement
These Regulations shall come into force on 1st July, 2001.
SCHEDULES
SCHEDULE ONE
Regulation 1
Step 1 Identify each of the persons businesses, employments, and investments
conducted during any basis period ending within the year.
Step 2 Calculate separately for each business, employment, and investment
identified, the income of the person from that business, employment, or
investment for each basis period ending within the year.
Step 3 To calculate the income of the person from a business, employment, or
investment, work out according to ordinary accounting rules the gains or
profits from that business, employment, or investment, as the case requires.

Legislative Instruments profits from that business, employment, or investment, as the case requires. 20
Step 4 Adjust the gains or profits worked out to ensure that all amounts required to
be included by sections 7, 8, and 9 of the Act, as the case requires, are
included in the calculation but exclude any payment subject to final tax
under section 2 or 3 of the Act or regulation 28 of these Regulations.
Step 5 Adjust the gains or profits worked out to ensure that any amount deducted in
the calculation is only deducted in accordance with Division III of Part III of
Chapter I of the Act but do not deduct any amount that relates to a payment
subject to final tax under section 2 or 3 of the Act.
Step 6 The gains or profits of the person from the business, employment, or
investment as worked out under Step 3 and adjusted under Step 4 and Step 5
is the income of the person from that business, employment, or investment,
as the case requires.
Step 7 Determine whether the income from any such business, employment, or
investment has the necessary connection with Ghana as provided for by
section 6 of the Act and whether the income is exempt income.
Step 8 Any income from a business, employment, or investment for a basis period
ending within the year that has the necessary connection with Ghana and
that is not exempt income is the assessable income of the person from the
business, employment, or investment for the year.
Step 9 Aggregate the assessable income of the person for the year from each
business, employment, and investment.
Step 10 Reduce the aggregate in Step 9 by any deductions available for the year
under regulations 2, 3, 4, 5, and 6 and, where the person is an individual, any
deductions available for the year under sections 39, 57, and 60 of the Act.
Step 11 The resulting amount is the persons chargeable income for the year.
SCHEDULE TWO
Regulation 25
TAX INSTALMENTS PAYABLE BY MEMBERS OF CERTAIN ASSOCIATIONS
1. The associations, occupational groups, and classes of persons mentioned in sub-regulation (1) of
regulation 25 are
Association or Occupational Group Class of Persons
Type 1 The Ghana Private Road Transport Union, the Ghana Any person who owns a vehicle of the
Co-operative Transport Association, the Progressive type referred to in paragraph 2 of this
Transport Owners Association and any similar Schedule.
organisation or association or their agents identified by
the Commissioner that operates at any lorry park, taxi
rank, or similar place

rank,
Legislative Instruments or similar place 21
Type 2 Ghana National Tailors and Dressmakers Association Machine owners

Type 3 Susu Collectors Association Susu collectors
Type 4 Ghana Chop Bar And Cooked Food Sellers Bar owner
Association (Traditional Caterers Association)
Type 5 Butchers Association Butchers
Type 6 Hairdressers Association Hairdressers
Type 7 Garage Owners Association Garage owners (mechanics, welders,
sprayers, electricians, blacksmiths,
vulcanizers, machinists)
Type 8 Licensed Diamond, Gold Buyers and Winners Licensees and sub-agents
Association
Type 9 Co-operative Distillers Association of Ghana Manufacturers and retailers of
alcoholic beverages
2. The tax to be collected from and payable by Type 1 class persons is as follows:
Owner of Rate of Tax
1. Taxi and cars on hire within town 2,000 per week

2. Trotro vehicles 19 seats and less 2,000 per week
3. Trotro vehicles 20 to 34 seats 3,000 per week
4. Trotro vehicles 35 seats and more 4,000 per week
5. Light dry cargo service (Market Service) 3,000 per week
6. One pound one pound cars 50 per 1,000 fare per trip
7. Mini buses other than trotro 50 per 1,000 fare per trip
8. Long distance passenger buses 50 per 1,000 fare per trip
9. Container trucks in Accra-Tema 50 per 1,000 charge per trip
10. Long distance cargo trucks and articulated vehicles 50 per 1,000 charge per trip
11. Wet cargo vehicles including water tankers 50 per 1,000 charge per trip
12. Tipper trucks 50 per 1,000 charge per trip
3. The tax payable in accordance with paragraph 2 shall be paid
(a) in the case of persons falling within items 1, 2, 3, 4, and 5 of the table, during the course of the week
in which payment is to be made.

(b) in the case of persons falling within items 6, 7, 8, 9, 10, 11, and 12 of the table, at the start of each
trip.
4. The tax to be collected from and payable by Type 2, 3, 4, 5, 6, 7, and 8 class of persons is as follows:
Class of Persons Sub-class of Persons Rate
Type 2 1 Machine 1,250 per week
2-3 Machines 2,250 per week
4-5 Machines 3,200 per week
Above 5 Machines 4,200 per week
Type 3 3,200 per week

Type 4 Category A 4,200 per week
Category B 3,200 per week
Category C 2,000 per week
Category D 1,000 per week
Category C 2,000 per week
Type 7 Cities 5,200 per week
Urban 3,800 per week
Rural 2,000 per week
Type 8 Licensee 50,000 per month
Sub-agent 10,000 per month
5. The tax payable in accordance with paragraph 4 shall be paid during the course of the week or month
in which payment is to be made.
6. The tax to be collected from and payable by Type 9 class of persons is as follows:
Category of Person Rate of Tax
Manufacturer 5% of the cost of drums of alcohol sold
Retailer 5% of the cost of alcohol retailed
7. The tax payable in accordance with paragraph 6 shall be paid during the course of the week the
drums are sold or the alcohol is retailed.
SCHEDULE THREE

Regulation 47
Step 1 Separately for each business of the person, identify depreciable assets owned
by the person as at the end of the person's last basis period ending within the
year of assessment 2000 that are used by the person in carrying on the
business.
Step 2 Work out in accordance with sub-regulation (2) the residual value of each
depreciable asset as at the time referred to in Step 1.
Step 3 Identify the class of each depreciable asset in accordance with paragraph 2 of
the Third Schedule of the Act.
Step 4 Separately for each business and each of the persons Class 1, 2, 3, and 4
depreciable assets, add together the residual values of the assets of that Class.
Step 5 The result is treated as the written down value of the Class 1, 2, 3, or 4 pool of
depreciable assets, as the case requires, as at the time referred to in Step 1.
Step 6 Add to the written down value of the pool as at the time referred to in Step 1,
the cost base of assets added to the pool after that time but before the end of
the first basis period.
Step 7 Reduce the result, but not below zero, by any consideration received from the
realisation of an asset from the pool during the first basis period. (Any excess
of amounts so received is treated in accordance with subparagraph (4) of
paragraph 3 of the Third Schedule of the Act).
Step 8 The result, if any, is the written down value of the pool at the end of the first
basis period to which the formula in subparagraph (1) of paragraph 3 of the
Third Schedule of the Act shall be applied.
Step 9 In the case of a Class 5 or 6 depreciable asset and subject to the modifications
in Step 10, apply paragraph 4 of the Third Schedule of the Act using the cost
base of the asset worked out in accordance with section 99 of the Act.
Step 10 In applying the limit in subparagraph (3) of paragraph 4 of the Third Schedule
of the Act and for the purposes of the definition of written down value in
subparagraph (4) of that paragraph, capital allowances granted to a person for
the asset includes the excess of the cost base of the asset over the residual
value of the asset as at the end of the person's last basis period ending within
the year of assessment 2000.
YAW OSAFO-MAAFO
Minister responsible for Finance
Date of Gazette Notification: 22nd June, 2001.

Entry into force:

Endnotes
1 (Popup - Popup)
Same in the original but it should be sub-regulation 2.

INTERNAL REVENUE (AMENDMENT) REGULATIONS, 2002, (LI 1698).

Internal Revenue Act, 2000 (Act 592), these Regulations are made this 7th day of February, 2002.
Regulation 1Regulation 8A Inserted in LI. 1675

The Internal Revenue Regulations, 2001 (LI. 1675) hereafter referred to as the principal Regulations are
amended by the insertion after regulation 8 of the following new regulation
8A"Realization of Foreign Exchange Gains and Losses
(1) For the purposes of the Act, a foreign currency exchange gain or loss accrues or is incurred on
the realization of the gain or loss.
(2) A foreign currency exchange gain or loss is realized when the liability under a contract in foreign
currency is discharged or when the right to receive a foreign currency under a contract is
satisfied by actual receipt.
(3) No foreign currency exchange gain or loss shall be recognised under the Act where the main
parties to the transaction in respect of which the gain or loss accrued or was incurred are resident
persons or where the transaction could reasonably be expected to have been conducted without a
foreign currency component requirement."
Regulation 2Regulation 16 of LI 1675 Amended

The principal enactment is amended by the insertion after regulation 16(4) of the following:
"(5) Where any entity or institution specified in Schedule Four pays any money as rent in respect of
any residential or commercial premises in circumstances in which subregulation (1) or (4)
applies that entity or institution making the payment shall withhold tax at the rate specified in
subregulation (1) on the gross rent.
(6) Section 4, subsection (1), (3) and (4) of section 87, sections 88, 89, 90, 91 and subsections (2) and
(3) of section 92 apply to this regulation.
(7) Subregulation (5) does not relieve any person of the obligations under subregulations (1), (2) and
(4) unless the amount involved has been subject to withholding tax under subregulation (5).
Regulation 3Regulation 47 of LI 1675 Amended

The principal Regulations are amended in regulation 47 by the insertion of the following new
subregulation:
"(4) Any accumulated capital allowance which is not utilised as at the commencement of the year of
assessment 2001 shall be carried forward and spread over five years of assessment from the year of
assessment commencing on 1st January 2001."
Regulation 4Schedule Two of LI 1675 Amended

Schedule Two of the principal Regulations is amended by the substitution for paragraph 2 of the
following:
"2. The tax to be collected from and payable by Type 1 class of persons is as follows:
Owner of Rate of Tax
1. Taxi and cars on hire within town 5,000 per week
2. "Trotro" vehicles 19 seats and less 5,000 per week
3. "Trotro" vehicles 20 to 34 seats 7,500 per week
4. "Trotro" vehicles 35 seats and more 10,000 per week
5. Light dry cargo service (Market Service) 7,500 per week
6. "One pound one pound" cars 50 per 1,000 fare per trip
7. Mini buses other than "trotro" 50 per 1,000 fare per trip
8. Long distance passenger buses 50 per 1,000 fare per trip
9. Container trucks in Accra-Tema 50 per 1,000 charge per trip
10. Long distance cargo trucks and articulated 50 per 1,000 charge per trip
vehicles
11. Wet cargo vehicles including water tankers 50 per 1,000 charge per trip
12. Tipper trucks 50 per 1,000 charge per trip
Regulation 5Schedule Four Inserted in LI 1675

The principal Regulations are amended by the insertion of a new Schedule Four as follows:
SCHEDULE FOUR
(Regulation 16(5))
1. Companies
2. Financial Institutions
3. Partnerships
4. Educational Institutions
5. Medical establishments
6. Public Boards and Corporations
7. Ministries
8. Departments of Ministries
9. Government Agencies
10. Co-operative Societies
11. Diplomatic Missions
12. Consular offices

13. International Organisations

14. Non-Governmental Organisations."
YAW OSAFO-MAAFO (MP)
Minister Responsible for Finance
Date of Gazette Notification: 8th February, 2002.

INTERNAL REVENUE (AMENDMENT) REGULATIONS, 2003 (LI 1727)

Internal Revenue Act 2000 (Act 592), these Regulations are made this 14th day of March, 2003.
Regulation 1Regulation 7 of L.I. 1675 Amended

The Internal Revenue Regulations, 2001 (L.I. 1675) as amended and hereafter referred to as the principal
Regulations are further amended by the substitution for regulation 7 of the following:
"7Bad Debts
(1) For the purposes of section 18 of the Act, a debt claim of a person taken into account under that
section shall be specific debt claim in respect of which the Commissioner is satisfied that the
debt has become bad.
(2) All sums recovered during the relevant period under section 18 of the Act on account of amounts
previously written off or allowed in respect of bad debts shall for the purposes of the Act be
treated as receipts of the business for that period."
Regulation 2Regulation 25A Inserted in L.I. 1675

The principal Regulations are amended by the insertion of the following new regulations:
"25ATax Instalments Payable by Certain Classes of Persons
(1) This regulation applies to the owners of commercial vehicles specified in column 1 in the table in
Schedule Five to these Regulations.
(2) Every person who owns a vehicle specified in the table in that schedule shall for each year of
assessment pay the tax calculated at the amount fixed in relation to that vehicle type in column 3
of the table by quarterly instalment on or before the first day of January, April, July and October
of each year of assessment.
(3) Payment of the tax shall be made through the purchase of a sticker issued by the Commissioner
from any office of the internal Revenue Service.
(4) Where a person referred to in subregulation (2) is a member of any transport association
recognised by the Commissioner, the Commission may permit the association to purchase the
stickers for sale to that person.
(5) The Commissioner may for purposes of subregulation (4), sell stickers to any of the organisations
or associations referred to in that sub-regulation for resale to its members.
(6) Every driver of a commercial vehicle of the type specified in column 1 of the table in the
Schedule shall display the sticker purchased in respect of the relevant quarter under
subregulations (2) and (3) on the windscreen of that vehicle.
(7) A sticker purchased for a quarter in a year shall be valid only for that quarter.
(8) Where a person referred to in subregulation (2) is not a member of any of the associations or
organisations specified in subregulation (4) that person shall purchase the sticker quarterly in
advance in accordance with subregulation (2) from the Commissioner.

(9) A tax paid under this regulation by a person does not relieve that person from the obligation to
file a return of income under section 72 of the Act but shall be credited against tax assessed to
the person in accordance with subsection (9) of section 8 of the Act.
(10) A person who pays tax under this regulation is not required to pay tax by quarterly instalments
under section (1) of section 80 of the Act.
(11) Where the Commissioner is of the opinion at any time that a person who belongs to the class of
persons referred to in subregulation (2) should come within the provisions of subsection (1) of
section 80 of the Act, the Commissioner may direct in writing that that person shall not pay tax
in accordance with this regulation, and accordingly section 76 of the Act shall apply.
(12) A person referred to in subregulation (2) who fails or refuses to purchase a sticker in any
quarter in respect of any year of assessment commits an offence and is liable on summary
conviction to a fine of not less than 25 penalty units and not more than 50 penalty units or to a
term of imprisonment of not less than 2 months and not more than 3 months.
(13) A person who drives or permits any person to drive a commercial vehicle specified in the table
in Schedule Five contrary to subregulation (6), commits an offence and is liable on summary
conviction to a fine of not less than 25 penalty units and not more than 50 penalty units or to a
term of imprisonment of not less than 2 months and not more than 3 months."
Regulation 3Schedule Two of the Principal Regulation Amended

Schedule Two of the principal Regulation is amended as follows:
(a) by the deletion of type 1 and related matters in columns 2 and 3 in paragraph 1;
(b) by the deletion of paragraphs 2 and 3.
Regulation 4Schedule Five Inserted in L.I. 1675

The principal Regulations are amended by the insertion after Schedule Four of the following new
Schedule:
"SCHEDULE FIVE
Regulation 25A
QUARTERLY TAX PAYABLE BY OWNERS OF COMMERCIAL VEHICLES
The tax to be collected from and payable by the class of persons referred to in subregulation 1 of
regulation 25A
Vehicle type Annual tax Quarterly tax
Taxis and cars on hire within town 192,000.00 48,000.00
"Trotro" (up to 19 seats) 192,000.00 48,000.00
"Trotro" (20-34 seats) 288,000.00 72,000.00

"Trotro" (35 seats plus) 384,000.00 96,000.00
Light dry cargo (small) 2,592,000.00 648,000.00
Light dry cargo (large) 3,888,000.00 972,000.00
"One-pound-one-pound" 211,680.00 52,920.00
Mini buses other than "trotro" (up to 19 seats) 227,664.00 56,916.00
Long distance passenger buses (20-33 seats) 415,152.00 103,788.00
Long distance passenger buses (34-60/70 seats) 1,360,800.00 340,200.00
Long distance cargo trucks and articulated vehicles 4,860,00.000 1,215,000.00
Fuel/Water tanker (4000 gallons) 777,600.00 194,400.00
Fuel/Water gallons (2500 gallons) 518,400.00 129,600.00
Tipper trucks (double axle) 1,209,600.00 302,400.00
Tipper trucks (single axle) 864,000.00 216,000.00"
YAW OSAFO-MARFO, MP
Minister for Finance
Date of Gazette Notification: 21st March, 2003.

INTERNAL REVENUE (AMENDMENT) REGULATIONS, 2004 (LI 1803).

Internal Revenue Act, 2000 (Act 592) these Regulations are made this 15th day of April, 2004.
Regulation 1Regulation 25B Inserted in L.I. 1675

The Internal Revenue Regulations 2001 (L.I. 1675) as amended and hereafter referred to as the "principal
Regulations" are amended by the insertion after regulation 25A of the following regulation;
"Tax Installments Payable by Specified Self Employed Persons
25B (1) Subject to sub regulations (8) and (9), this regulation shall apply to the class of self-employed
persons mentioned in Schedule Six.
(2) The class of self employed persons specified in Schedule Six shall pay tax on quarterly basis at
the rate specified in the Schedule.
(3) Upon payment of the tax by any person, the Commissioner shall issue to that person a Stamp
for that purpose, referred to in these Regulations as "tax stamp".
(4) The tax stamp shall indicate the name of the taxpayer, the amount paid, the period in respect of
which the payment is made and such other particulars as the Commissioner may determine.
(5) The tax payable in accordance with sub regulation (2) shall be paid on or before 1st January,
1st April, 1st July, 1st October and 1st December of each year of assessment.
(6) A person issued with a tax stamp under these Regulations shall display the stamp at a
conspicuous place on the premises of that person's business or in any other manner as will
make the stamp visible at the place of business.
(7) Any person who,
(a) fails or refuses to pay the tax provided in Schedule Six of these Regulations; or
(b) having paid the tax as provided in these Regulations, fails or refuses to display the tax stamp
in accordance with these Regulations
commits an offence and is liable on summary conviction to a fine of not less than 100 penalty units
and not more than 250 penalty units.
(8) The Commissioner may issue tax stamps in respect of the class of persons specified in
paragraph 1 of Schedule Two.
(9) Any person who belongs to a class of persons identified in paragraph 1 of Schedule Two may
obtain a tax stamp from the Commissioner upon the payment of the appropriate tax specified in
paragraph 4 of Schedule Two in relation to the class.
(10) Any tax paid by a person under these Regulations shall be a payment on account and shall not
relieve the person from the obligation to file a return of income under section 72 of the Act.
(11) For purposes of Schedule Six, the Commissioner may issue necessary directives in writing

under Regulation 25A(7) with respect to any class of taxable persons as may be determined by
the Commissioner in appropriate cases.

The principal Regulations are amended in Regulation 28 as follows:
(a) by the substitution for "5.2 currency points" wherever it appears in subregulation (1)(b)
subparagraphs (i) and (ii) of "30 currency points";
(b) by the substitution for "720 currency points" in subregulation (2)(c) subparagraph (ii) of "1,620
currency points";
(c) by the substitution for "600 currency points" in subregulation (5) of "2,400 currency points".

The principal Regulations are amended in subregulation (3) of Regulation 30 as follows:
(a) in subparagraph (a), by the substitution for "2,400,000" of "3,000,000";
(b) in subparagraph (b), by the substitution for "2,400,000" and " 5,400,000" of "3,000,000" and
"21,000,000" respectively; and
(c) in subparagraph (c), by the substitution for "5,400,000" of "21,000,000".
Regulation 4Schedule Two of L.I. 1675 Amended

The principal Regulations are amended in Schedule Two as follows:
(a) by the substitution for the table under paragraph 4 of the following table:
RATE
CLASS OF PERSONS SUB-CLASS OF PERSONS

Type 2 DRESSMAKERS/TAILORS
Category ALarge Kiosk 250,000
" BMedium Kiosk 150,000
" CSmall Kiosk 100,000
Type 3 SUSU COLLECTORS
Category A 250,000
Type 4 CHOP BAR/COOKED FOOD OWNERS
" BMedium " 150,000
" CSmall " 100,000
" DTable Top 50,000
Type 5 BUTCHERS
" BMedium " 150,000
" CSmall " 100,000

Type 6 HAIRDRESSERS
" BMedium " 150,000
" CSmall " 100,000
Type 7 GARAGE OWNERS
Category ACities 250,000
" BUrban 150,000
" CRural 100,000
Type 8 DIAMOND/GOLD WINNERS &
BUYERS
Category ALicensee 250,000
" BSub Agent 150,000
(b) by the insertion after paragraph 1 of the following new paragraph " 2. The rates in this Schedule
shall apply to any person operating in, under or from any garage, shed, shelter or similar place";
(c) by the substitution for paragraph 5 of the following new paragraph: "5. The tax payable in
accordance with paragraph 4 shall be quarterly in advance during each year of assessment."
Regulation 5Schedule Five of L.I. 1675 Amended

The principal Regulations are further amended in Schedule Five by the substitution for "Light dry cargo
(small)", "Light dry cargo (large)" and "Long Distance cargo trucks and articulated vehicles" and the
annual and quarterly taxes indicated against these vehicle types in columns 2 and 3 of the table of the
following:
"Dry cargo vehicle below 2 tons 600,000.00 - 150,000.00
Dry cargo vehicle between 2 tons and 3 tons 800,000.00 - 200,000.00
Dry cargo vehicle between 4 tons and 7 tons 1,400,000.00 - 350,000.00
Dry cargo vehicle (Double Axle) 2,400,000.00 - 600,000.00
Articulated Trucks 3,600,000.00 - 900,000.00
Timber Trucks 3,600,000.00 - 900,000.00"
Regulation 6Schedule Six inserted in L.I. 1675

The principal Regulations are amended by the insertion after Schedule Five of the following new
Schedule:
"SCHEDULE SIX
Regulation 25B
TAX INSTALsic(1)MENTS PAYABLE BY CERTAIN CLASS OF SELF-EMPLOYED PERSONS
1. The tax to be collected from and payable by the class of self-employed persons mentioned in
sub-regulation (1) of regulation 25B.
TYPE CLASS OF TRADERS QUARTERLY RATES

A 40 footer container/large kiosk operators 250,000.00
B 20 footer container/medium kiosk operators 150,000.00
C Small kiosk/container operators/market stalls and

itinerant traders ... ... ... ... ... 100,000.00
D Table Top operators/hawkers ... ... ... 50,000.00
2. The rates in this Schedule shall apply to any person operating in, under or from any garage, shed,
shelter or other similar place."
These Regulations shall come into force on the 1st day of January, 2005.
HON. YAW OSAFO-MAAFO, M.P.
Minister Responsible for Finance
Date of Gazette Notification: 16th July, 2004.
Entry into force:

Endnotes
1 (Popup - Popup)
L

INTERNAL REVENUE (AMENDMENT) REGULATIONS, 2005 (L.I. 1811).

Internal Revenue Act, 2000 (Act 592), these Regulations are made this 8th day of March, 2005
Schedule Five of L.I. 1675 amended
The Internal Revenue Regulations, 2001 (L.I. 1675) as amended are hereby further amended by the
substitution for Schedule Five of the following new Schedule.
"SCHEDULE FIVE
Regulation 25A
QUARTERLY TAX PAYABLE BY OWNERS OF COMMERCIAL VEHICLES.
The tax to be collected from persons who own commercial vehicle referred to in sub regulation 1 of
regulation 25 A shall be payable as follows:
VEHICLE Annual Tax Quarterly Tax

Taxis (with commercial number plate) 240,000.00 60,000.00
'Private' taxis (without commercial number plate) 240,000.00 60,000.00
Hire cars (Saloon/Caravan) 400,000.00 100,000.00
Hire cars (4x4) 800,000.00 200,000.00
VEHICLE USED BY TOUR OPERATORS
Up to 15 persons 800,000.00 200,000.00
Up to 23 persons 1,000,000.00 250,000.00
Up to 38 persons 1,400,000.00 350,000.00
Above 45 persons 2,400,000.00 600,000.00
'TROTRO' VEHICLE
Up to 15 persons 320,000.00 80,000.00
Up to 19 persons 400,000.00 100,000.00
Up to 23 persons 440,000.00 110,000.00
Up to 33 persons 600,000.00 150,000.00

Above 33 person 640,000.00 160,000.00
COMMUTER BUSES OTHER THAN 'TROTRO'
Up to 15 persons 400,000.00 100,000.00
Up to 19 persons 560,000.00 140,000.00
Up to 33 persons 600,000.00 150,000.00
Up to 38 persons 800,000.00 200,000.00
Up to 45 persons 1,000,000.00 250,000.000
Above 45 persons 1,400,000.00 350,000.000
Up to 60 persons (Air Conditioned) 2,400,000.00 600,000.00
FORD BUSES 600,000.00 150,000.00
PEUGEOT CARS 320,000.00 80,000.00
PETROL/KEROSENE/WATER TANKERS
Up to 2000 gallons 800,000.00 200,000.00
Above 2000 gallons 1,200,000.00 300,000.00
Power Tiller Tankers 240,000.00 60,000.00
Sewage Tankers 800,000.00 200,000.00
DRY CARGO
Below 2 tons 600,000.00 150,000.00
2 to 3 tons 800,000.00 200,000.00
4 to 7 tons 1,400,000.00 350,000.00
Double Axle 2,400,000.00 600,000.00
Articulated Trucks 3,600,000.00 900,000.00
Timber Trucks 3,600,000.00 900,000.00
TIPPER TRUCKS
Single Axle 1,600,000.00 400,000.00
Double Axle 2,400,000.00 600,000.00
12 - 14 Wheelers (14-18cm) 3,000,000.00 750,000.00

Trailers (Above 18 cm) 3,000,000.00 750,000.00
HEAVY EQUIPMENT
Graders and Bulldozers 1,200,000.00 300,000.00
Pay Loaders 600,000.00 150,000.00
Fork Lift 320,000.00 80,000.00
Cranes 800,000.00 200,000.00
Tractors 200,000.00 50,000.00
GARBAGE TRUCKS 800,000.00 200,000.00
MOTOR HEARSE/AMBULANCE 400,000.00 100,000.00
RECOVERY/TOWING TRUCKS 320,000.00 80,000.00".
HON. KWADWO BAAH WIREDU

Minister for Finance
Date of Gazette Notification: 18th March, 2005.
Entry into force:
INCOME TAX RATES REGULATIONS, 2005 (L.I. 1810)

ARRANGEMENT OF REGULATIONS
Regulations
1. First Schedule of Act 592 amended
2. Regulation 39 of L.I. 1675 amended
3. Commencement
Internal Revenue Act, 2000 (Act 592), these Regulations are made this 8th day of March, 2005.
Regulation 1First Schedule of Act 592 amended

The First Schedule of the Internal Revenue Act, 2000 (Act 592) as amended is further amended as
follows:
(a) by the substitution for paragraph 1 of Part 1 of the following new paragraph:
"1. The income tax rates applicable to resident individuals are:
CHARGEABLE INCOME RATE OF TAX
First 1,800,000 Nil
Next 1,800,000 5%
Next 4,800,000 10%
Next 27,600,000 15%
Next 36,000,000 20%
Exceeding 72,000,000 28%"
(b) by the substitution for "32.5%" appearing in paragraph 1 of Part II under the "Rate of Income Tax" in
the box of "28%"
(c) by the substitution for "30%" appearing in paragraph 5 of Part II of "28%"
(d) by the substitution for "32.5%" appearing in Part III of "28%".
Regulation 2Regulation 39 of L.I. 1675 amended

The Internal Revenue Regulations, 2001 (L.I. 1675) as amended is further amended in Regulation 39 by
the substitution for "7.5% of "5%".
These Regulations shall be deemed to have come into force on the 1st day of January, 2005.
HON. KWADWO BAAH WIREDU (MP)
Minister responsible for Finance.
Date of Gazette Notification: 15th March, 2005.
Entry into force: 14th June, 2005.

INCOME TAX RATES (AMENDMENT) (No. 2) REGULATIONS, 2006 (L.I. 1823).

IN exercise of the powers conferred on the Minister responsible for Finance by Section 144 of the
Internal Revenue Act, 2000 (Act 592), these Regulations are made this 14th day of February, 2006.
First Schedule to Act 592 amended
The First Schedule to the Internal Revenue Act, 2000 (Act 592), as amended is further amended by the
substitution for "25%" of "22%" appearing in paragraph 2A of Part II.
KWADWO BAAH WIREDU, MP
Date of Gazette Notification: 7th April, 2006.
INTERNAL REVENUE (AMENDMENT) (NO. 2) REGULATIONS, 2006 (L.I. 1821)

IN exercises of the powers conferred on the Minister responsible for Finance by Section 114 of the
Internal Revenue Act, 2000 (Act 592) these Regulations are made this 14th December, 2005.
Section 1Regulation 25A of L.I. 1675 amended.

The Internal Revenue Regulations, 2001 (L.I. 1675) referred to as the principal regulations are
amended in Regulation 25A by the substitution for the word first appearing in sub-regulation (2) of the
word fifteenth.
Section 2Regulation 25B of L.I. 1675 amended

The principal Regulations are amended in Regulation 25B as follows:
(a) by the substitution for sub-regulation (5) of the following:
(5) The tax payable in accordance with sub-regulation (2) shall be paid on or before the
fifteenth day of January, April, July and October of each year of assessment.
(b) by the substitution for Regulation 25A(7) appearing in sub-regulation (11) of Regulation 25A
(11)
Section 3Schedule Two of L.I. 1675 amended

The Principal Regulations are amended in Schedule Two by the substitution for the table under
paragraph 4 of the following new table:
CLASS OF PERSONS SUB-CLASS OF PERSONS RATE


Type 2 DRESSMAKERS/TAILORS
Category A Large Kiosk 150,000
B Medium Kiosk 100,000
C Small Kiosk 50,000
Type 3 SUSU COLLECTORS

Category A Cities 150,000
B Urban 100,000
C Rural 50,000
Type 4 CHOP BAR OWNERS/COOKED FOOD SELLERS

C Small " 50,000
D Table Top 30,000
Type 5 BUTCHERS
Category C Small Kiosk 50,000
D Table Top 30,000
Type 6 HAIRDRESSERS & BEAUTICIANS/BARBERS

C Small Kiosk 50,000
Type 7 GARAGE OWNERS

Category A Cities 150,000
B Urban 100,000
C Rural 50,000
Type 8 DIAMOND/GOLD WINNERS & BUYERS

Category A Licensee 150,000
B Sub Agent 100,000

Section 4Schedule Six of L.I. 1675 amended

The principal Regulations are amended in Schedule Six by the substitution for the table appearing under
paragraph 1 of the following new table:
TYPE CLASS OF TRADERS QUARTERLY

RATE
A 40 footer container/large kiosk operators 150,000
B 20 footer container/medium kiosk operators . 100,000
C Small kiosk/container operators/market stalls in cities and urban

centres . 50,000
D Small Kiosk/container operators/market stalls in rural areas...... 30,000.
Section 5Commencement
The regulations shall come into force on the 1st day of July, 2005.
Date of Gazette Notification: 20th January, 2006.
INCOME TAX RATES (AMENDMENT) REGULATIONS, 2006 (L.I. 1820).

Internal Revenue Act, 2000 (Act 592), these Regulations are made this 14th day of December, 2005.
The First Schedule to the Internal Revenue Act, 2000 (Act 592), as amended by the Income Tax
Regulations 2005 (L.I. 1810) are amended as follows:
(a) by the substitution for paragraph (1) of Part 1 of the following new paragraph
1. The income tax rates applicable to resident individuals are:
First 2,400,000.00 Nil
Next 2,400,000.00 5%
Next 12,000,000.00 10%

Next 79,200,000.00 17.5%
Next 96,000,000.00 25%

(b) by the insertion after paragraph 1 of Part 1 of the following new paragraph:
1A. The income tax rates applicable to resident individuals from employment are:
Up to minimum wage 0%
Excess of 5% over minimum wage 2.5%
(c) by the substitution for 28% appearing in paragraph 1 of Part II under the Rate of Income Tax
in the box of 25%.
(d) by the substitution for 28% appearing in paragraph 5 of Part II of 25%.
(e) by the substitution for 25% appearing in paragraph 5A of Part II of 22%.
(f) by the insertion after paragraph 6 of Part II of the following new paragraph:
6A. A company which employs fresh graduates from any recognized tertiary institution in
Ghana shall be allowed a deduction from the tax on its income for a year of assessment an
amount equal to the rates set out as follows:
Percentage of Fresh Graduates in Applicable Incentive

Workforces
Up to 1% 10% of salaries/wages of such employees
1% - 5% 30% of salaries/wages of such employees
Above 5% 50% of salaries/wages of such employees
(g) by the substitution for 28%appearing in Part III of 25%.

INTERNAL REVENUE (AMENDMENT) REGULATIONS, 2006 (L. I. 1819)

Internal Revenue Act, 2000 (Act 592) these Regulations are made this 14th day of December, 2005.
Section 1Regulation 28 of L.I. 1675 amended

The Internal Revenue Regulations, 2001 (L.I. 1675) and referred to as the principal regulations are
amended by the substitution for paragraphs (i) and (ii) in Regulation 28 (i) of the following:
(a) (i) in the case where the employee earns not more than 1,200 currency points per month from the
(ii) in the case where the employee earns more than 1,200 currency points per month but in any
case not exceeding 4000 currency points per month from the employment in respect of
overtime, 10% of the gross amount of the payment.
(b) by the substitution for 2,400 currency points in sub-regulation (5) of 9,600 currency points.
Section 2Commencement
These Regulations shall come into force on the first day of January 2006.
Minister of Finance and Economic Planning.

INTERNAL REVENUE (AMENDMENT) (NO.3) REGULATIONS, 2007 (L.I. 1831)

Internal Revenue Act, 2000 (Act 592), these Regulations are made this 23rd day of February, 2007.

The Internal Revenue Regulations, 2001 (L.I.1675) as amended and referred to as the principal
Regulations are amended by the substitution for paragraphs (i) and (ii) in Regulation 28 (1) of:
(a) "(i) in the case where the employee earns not more than 120 currency points per month from the
(ii) in the case where the employee earns more than 120 currency points per month but in any
case not exceeding 400 currency points per month from the employment in respect of
overtime, 10% of the gross amount of the payment".
(b) by the substitution for "2,400 currency points" in sub-regulation (5) of "9,600 currency points".
Regulation 2Revocation
The Internal Revenue (Amendment) Regulations, 2006 (L.I. 1819) is hereby revoked.
HON. KWADWO BAAH-WIREDU, (MP)
Minister for Finance and Economic Planning
Date of Gazette Notification: 23rd February, 2007.
INCOME TAX RATES (AMENDMENT) (NO.2) REGULATIONS, 2007 (L.I. 1830)

The First Schedule to the Internal Revenue Act, 2000 (Act 592), as amended is further amended:
(a) by the substitution for paragraph (1) of Part 1 of the new paragraph
"1. The income tax rates applicable to resident individuals are:
First 2,400,000.00 Nil
Next 2,400,000.00 5%
Next 12,000,000.00 10%

Next 79,200,000.00 17.5%
Exceeding 96,000,000.00 25%
(b) by the insertion after paragraph 1 of Part 1 of the new paragraph:

1A. The income tax rates applicable to resident individuals from employment are:
Up to minimum wage 0%
Excess of 5% over minimum wage 2.5%
(c) by the substitution for "28%" in paragraph 1 of Part II under the "Rate of Income Tax" in the box
of "25%".
(d) by the substitution for "25%" in paragraph 2 of Part II of "22%".
(e) by the substitution for "28%" in paragraph 5 of Part II of "25%"
(f) by the substitution for "25%" in paragraph 5A of Part II of "22%"
(g) by the insertion after paragraph 6 of Part II of the new paragraph:
"6A. A company which employs fresh graduates from any recognised tertiary institution in the
country is allowed a deduction from the tax on its income for a year of assessment of an amount
equal to the rates set out as follows:
Percentage of Fresh Graduates in Applicable Incentive

Workforces
Up to 1% 10% of salaries/wages of such employees
Above 1% but not more than 5% 30% of salaries/wages of such employees
Above 5% 50% of salaries/wages of such employees
(h) by the substitution for ''28%'' in Part III of "25%".
Regulation 2Revocation
The Income Tax Rates (Amendment) Regulations, 2006 (L.I. 1820) is hereby revoked.
Entry into force:

INCOME TAX RATES REGULATIONS, 2007 (L.I. 1829)


The Internal Revenue Regulations, 2001 (L.I.1675) are amended in Regulation 16
(a) by the substitution for "10%" in subregulations (1) and (4) of "8%", and
(b) by the substitution for "subregulation (1)" in subregulation (5) of "subregulations (1) or (4)".
Regulation 2First Schedule of Act 592 amended

The Internal Revenue Act, 2000 (Act 592) referred to as the "principal
enactment "as amended is further amended in the First Schedule,
(a) by the substitution for "20%" in paragraph 2 of Part 1 of "15%",
(b) by the substitution for "10%" in paragraph 1 of Part IV of "8%",
(c) by the substitution for "10%" in paragraph 2 of Part IV of "8%",
(d) by the substitution for "15%" in subparagraph (a) of paragraph 3 of Part IV of "10%",
(e) by the substitution for "7%" in subparagraph (b) of paragraph 3 of "5%",
(f) by substitution for "10%" in paragraph (a) of Part V of "8%",
(g) by the substitution for "15%" in paragraph (b) of Part V of "10%",
(h) by the substitution for "20%" in paragraph (c) of Part V of "15%",
(i) by the substitution for "15%" in Part VII of "10%", and
(j) by the substitution for "20%" in Part VIII of "15%".
3. The principal enactment is amended in the Fourth Schedule by the substitution for "10%" of "5%".
KWADWO BAAH-WIREDU, (MP)
Minister for Finance and Economic Planning

Internal Revenue Regulations, 2001 (LI 1675)

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Legislative Instruments 1

INTERNAL REVENUE REGULATIONS, 2001 (LI 1675)

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21. Reserve for Unexpired Risks

45. Interest, Penalty, and Offence Provisions in Act to Apply

PART ICALCULATION OF INCOME

Division I: Chargeable Income

Division II: Deductions

Regulation 4Donations for Rural and Urban Development

Regulation 5Donations for Sports Development and Promotion

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Regulation 6Donations to Government for Worthwhile Causes

Regulation 7Bad Debts of Banks

Regulation 8Capitalisation of Foreign Exchange Losses

Regulation 9Deductions not Allowed

Regulation 10Treatment of Losses

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Division III: Tax Accounting

Regulation 12Long-term Contracts

Regulation 13Trading Stock

Regulation 14Consumable Stores

Division IV: Miscellaneous Rules

Regulation 16Rent Income from Residential and Commercial Premises

Regulation 17Personal Reliefs and Reductions

Regulation 18Extension of Bond Interest Exemption

Regulation 19Diplomatic Officers

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Regulation 20Government Contract Officers

Regulation 21Reserve for Unexpired Risks

Regulation 22Income from Life Insurance Business to be Calculated Separately

PART IVINTERNATIONAL MATTERS

Regulation 23Treatment of Foreign Outgoings, Expenses, and Losses

Regulation 24Repatriated Profits of a Permanent Establishment in Ghana

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Act is in addition to any other tax imposed on that person.

PART VPAYMENT OF TAX

Division I: Tax Instalments

Division II: Withholding of Tax From Income from Employment

accordance with this Division.

Regulation 27Amount to be Withheld by Employers Generally

Regulation 28Amount to be withheld by Employers from Overtime and Bonus

Regulation 29Qualifying Cash Payment

Regulation 30Employee's Employment Tax Liability

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Regulation 31Primary Employment

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Regulation 32Tax Reliefs and Tax Reliefs Cards

Regulation 33Substantiated Retirement Contributions

Regulation 34Consecutive Primary Employment

(a) ceases a primary employment during a year of assessment;

Regulation 35Returns by Employer

Regulation 36Deemed Employee Assessments

Regulation 37Returns of Income of Individual with Two or More Employments

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Division III: Withholding of Tax from Other Amounts

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Regulation 40Payment to Non-residents for Goods and Services

Regulation 41Premiums Paid to Non-Resident Insurers

Regulation 42Service of Documents Electronically

PART VIIDISPUTE RESOLUTION

Regulation 43Proceedings Relating to Tax Assessment

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PART VIIIREGISTRATION OF BUSINESS

Regulation 44Registration on Commencement and Notification on Cessation of Business