21 January 2016 Ghana enacts income tax amendments The Income Tax (Amendment) Act, 2015 (Act 902), was assented to by Ghana's President and published in the Official Gazette on December 30, 2015. Act 902 amends some provisions in Act 896 (the principal Act). As the Act did not specify any date of commencement, in accordance with the provisions of the Constitution of the Republic of Ghana (Constitution, 1992), the Act entered into force on its date of publication, December 30, 2015. Even though the Amendment was supposed to take effect from December 30, 2015, since the Minister for Finance & Economic Planning had scheduled the full implementation of the principal Act - Act 896 - to commence on January 1, 2016, Act 902 (being an amending Act) also entered into force on January 1, 2016. Document ID: 2016-0140 |
