Ghanaian Parliament passes amended income tax bill

Income Tax Bill

Ghana’s Parliament has passed the Income Tax (Amended) Bill, 2022 to amend the Income Tax Act, 2015 (Act 896) to extend the exemption from tax of gains on the realization of shares listed on the Ghana Stock Exchange for five years.

Mr. Kwaku Kwarteng, the Chairman of the Finance Committee of Parliament moved for the adoption of the Income Tax (Amended) Bill, 2022, and was seconded by Dr. Cassiel Ato Forson, the Ranking Member of the Committee.

Among the objectives, the Bill would extend the concession for Income Tax Stamp and Vehicles Income Tax systems to the end of December 2022.

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