Ghana Tax Tables 2022 - Tax Rates and Thresholds in Ghana
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This page contains the tax table information used for the calculation of tax and payroll deductions in Ghana in 2022. These tax tables are used for the tax and payroll calculators published on iCalculator™ GH, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Ghana or would like to add to or suggest amendments to the information herein then please contact us.
2022 Tax Tables [Quick Links]
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Ghana Personal Income Tax Tables in 2022
The Income tax rates and personal allowances in Ghana are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Ghana Tax Calculator 2022.
Ghana Residents Income Tax Tables in 2022
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from ¢ 0.000.00 | to | ¢ 3,828.00 |
| 5% | Income from ¢ 3,828.01 | to | ¢ 5,028.00 |
| 10% | Income from ¢ 5,028.01 | to | ¢ 6,468.00 |
| 17.5% | Income from ¢ 6,468.01 | to | ¢ 42,468.00 |
| 25% | Income from ¢ 42,468.01 | to | ¢ 240,000.00 |
| 30% | Income from ¢ 240,000.01 | | and above |
Ghana Non-residents Income Tax Tables in 2022
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 25% | Flat rate on all taxable income |
In Ghana, social security deductions made by employees are typically deductible when calculating taxable income. This means that the contributions employees make towards the social security system are subtracted from their gross income before the computation of income tax. As a result, these deductions effectively reduce the taxable income of employees, potentially lowering their overall income tax liability. This approach is designed to provide some relief to employees by recognizing their mandatory contributions towards state-run social security programs.
Ghana Social Security and Payroll Deduction Rates in 2022
In Ghana, the social security system involves contributions from both employees and employers, providing a range of benefits and support. The main components of these deductions include contributions towards pensions, health insurance, and unemployment benefits.
Ghana Social Security in 2022: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Social Security (SSNIT Tier 1) | 0.5% | 13% | 13.5% |
| Private Pension Service Providers (PSPs) (SSNIT Tier 2) | 5% | 0% | 5% |
| Voluntary Provident Fund (SSNIT Tier 3) | 0% | 0% | 0% |
Ghana Social Security and Payroll Deduction in 2022: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Social Security (SSNIT Tier 1) | n/a | ¢ 35,000.00 | n/a | n/a |
| Private Pension Service Providers (PSPs) (SSNIT Tier 2) | n/a | ¢ 35,000.00 | n/a | n/a |
| Voluntary Provident Fund (SSNIT Tier 3) | n/a | ¢ 35,000.00 | n/a | n/a |
Ghana VAT Rates in 2022
VAT rates for Ghana are reviewed annually, you can use the VAT Calculator to calculate VAT due in Ghana or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Ghana VAT Rates| VAT Rate | VAT Description |
|---|
| 3% | Reduced Rate |
| 5% | Reduced Rate |
| 12% | Standard Rate |
Historic Tax Tables supported for Ghana
The following tax tables are supported by iCalculator™ GH as part of the suite of free tax tools we provide for Ghana.