The Ghana Revenue Authority (GRA) has clarified the tax status of individuals who earn incomes abroad and whether they are deemed by law as resident Ghanaians for tax purposes.
The clarification was contained in a statement issued on April 22, 2024.
Below is the full statement
GHANA REVENUE AUTHORITY CLARIFIES STATUS OF RESIDENT INDIVIDUALS FOR TAX PURPOSES
The Ghana Revenue Authority (GRA) has noted concerns raised by the general public on the tax status of individuals who earn incomes abroad and whether they are deemed by the Tax laws as “resident individuals” for tax purposes.
In light of these concerns, it is important to clarify who qualifies as a resident individual for tax purposes.
The legal definition of a resident individual for tax purposes is grounded in the Income Tax Act 2015 (Act 896), Sections 3 (2) (a), 103, and 111.
Clarification of key details: Individuals considered resident for tax purposes:
1. Are citizens with a permanent home in Ghana residing in the country throughout the year
2. Are present in Ghana for at least 183 days in any 12-month period that begins or ends within the year 3. Include government employees or officials posted abroad
4. Are citizens temporarily absent from Ghana for not more than 365 continuous days who maintain a permanent home in Ghana.
To facilitate easier declaration and payment of taxes for resident individuals to report of undisclosed incomes, the GRA has opened a special window for taxpayers to rectify their records.
All eligible individuals are strongly encouraged to utilize this opportunity to regularize their tax affairs.
Latest Stories
-
Bond market; Secondary bond market activity dips 3.38% to GH¢953mn
7 minutes -
Cedi recovers sharply after losing grounds against dollar last week; one dollar going for GH¢15.95
10 minutes -
Court remands nine over alleged murder of cab driver
11 minutes -
Totobi Quakyi advises NDC members against misconduct over ongoing appointments
15 minutes -
Exploring Delta’s commitment to passenger safety through the eyes of a Ghanaian physician
35 minutes -
Illegal miner jailed for stealing alligator pepper
40 minutes -
Mahama proves competency, appointees must show commitment – Appiah-Kubi
59 minutes -
All 2,417 ORAL cases are critical – Raymond Archer
1 hour -
Boreholes at Sunyani Coronation Park shallow and full of clay – Bono NSA Boss
1 hour -
Appoint more women – Angela Dwamena Aboagye tells gov’t
1 hour -
We should recover stolen funds rather than jailing culprits – Domelevo on ORAL
2 hours -
I’ll be extremely disappointed in Mahama if nothing happens to ORAL report – Domelevo
2 hours -
Gov’t can’t be wasting public’s time and resources – Kwakye Ofosu justifies discontinuation of court cases
2 hours -
Fire at Fineprint warehouse in Tema confined – GNFS
2 hours -
Environmental expert urges decisive actions over ultimatum in galamsey fight
3 hours