Income Tax (Amendment) Act 2026 raises tax-free and presumptive tax thresholds in Ghana

The Income Tax (Amendment) Act, 2026 (Act 1178) introduces changes aimed at providing relief to individual taxpayers in Ghana by increasing the annual tax-free threshold from GH¢5,880 to GH¢7,056. Additionally, the Act expands access to the presumptive tax regime for small businesses by raising the turnover threshold from GH¢500,000 to GH¢750,000. These adjustments are intended to ease tax burdens and support small business growth.

Originally published by gnews