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Ghana Budget 2023 Includes Additional Top individual income tax Rate, Increased VAT Rate, and Other Measures

|Proposed Changes|Ghana
Ghana

Ghana's Ministry of Finance has published the 2023 Budget Statement delivered in parliament on 24 November 2022. Tax measures announced as part of the budget include the following:

  • The introduction of an additional top individual income tax bracket with a rate of 35%;
  • An increase in the concessional tax rate of 1% to 5% for certain activities/sectors, along with the implementation of a minimu…

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