I just published this post about the new withholding taxes and only after realised I had missed the biggest news.
INTRODUCTION OF A FULL WORLDWIDE BASIS OF TAXATION FOR RESIDENTS
This means that residents will now be taxed on all incomes regardless of source and whether or not foreign income earned is brought into Ghana.
gra.gov.gh
This is a big change. Tax used to be on income derived from, brought into, accrued in or received in Ghana. But now even if all the income is left in the country in which it was earned, it would still be taxed. This new tax Act is more comprehensive than I thought.
LMAO, I dey weep in upwork voice
That’s already taxable as you receive in Ghana
They never withheld any for whatever reasons. All we were ever charged for was transfer charges and VAT.
LMAO, I dey weep in upwork voice
That’s already taxable as you receive in Ghana
LMAO, I dey weep in upwork voice
That’s already taxable as you receive in Ghana
They never withheld any for whatever reasons. All we were ever charged for was transfer charges and VAT.
[…] dominated the media headlines and initially caused me to miss some other important changes. However my post on it was short and not very helpful. So by the request of some friends I am going to into […]
[…] dominated the media headlines and initially caused me to miss some other important changes. However my post on it was short and not very helpful. So by the request of some friends I am going to into […]