The tax system underwent several significant changes in 2018, and the government budget for 2019 seeks to consolidate and make additions to those changes, with its agenda focused on compliance. The key updates to the tax codes in 2019 will be as follows: • Revision of personal income tax (PIT) rate: The monthly, tax-free band in the PIT rate was adjusted to reflect the change in the minimum wage, with the band increasing from GHS216 ($46.68) to GHS261 ($56.40), effective January 1, 2018.…
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