Did you know, the Ghana Revenue Authority (GRA) offers personal tax relief to tax payers in Ghana? A relief is an allowance given to a resident individual to reduce his or her tax burden. A resident individual can apply to the Commissioner-General in a prescribed form. The relief is given with respect to your personal situation as stated on the application form.
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Here are the types of Reliefs Individuals are entitled to in Ghana.
Types of Personal Tax Relief
Marriage or Responsibility Relief
This relief is granted to a resident individual who takes care of his wife or her husband or takes care of at least two children.
The relief is GH¢1,200 per Year.
Child Education Relief
This is granted to a resident individual who pays his or her child’s school fees. The relief is granted to a maximum of three children attending any recognized registered educational institution in Ghana. A child under this law includes an adopted child or ward.
Both parents cannot claim this relief in respect of the same child /children
The relief is GH¢600 per Child per Year.
Disability Relief
This is granted to persons who prove to the satisfaction of the Commissioner-General that they are disabled.
This relief is granted to disabled persons who receive income from business or employment only
The relief is 25% of the disabled person’s income from business or employment.
Old Age Relief
This relief is granted to persons who are 60 years of age.
The relief is GH¢1,500 per Year.
Age Dependent Relief
This relief is granted to a resident individual who takes care of a relative who is sixty years old and above.
The relief is granted up to a maximum of two relatives.
The relief does not apply to a dependent’s spouse or child.
Two persons cannot claim this relief in respect of the same relative.
The relief is GH¢1,000 per Year.
Educational Relief
A resident individual can also be granted educational relief if that person undergoes training to update his/her professional, technical or vocational skills or knowledge.
The relief is GH¢2000 per year.
Mortgage Relief
Mortgage interest relief is a tax relief based on the amount of qualifying mortgage interest that you pay in a given tax year for your principal private residence and this relief can be enjoyed for only one building.
The relief form can be obtained from any of the GRA’s Domestic Tax Revenue Division offices across the country. You can download the GRA TAX RELIEF FORM.pdf here.
For further information and assistance, call GRA on 020 926 7047 or WhatsApp them on 055 299 0000
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