Skip to main content

2024 Budget Amendments

Your guide to the new taxes affecting the Insurance, Real Estate, and Other Sectors

Parliament of Ghana has passed into law the Income Tax (Amendment) Act, 2023 (Act 1111), Value Added Tax (Amendment) Act, 2023 (Act 1107), Excise Duty (Amendment) (No. 2) Act, 2023 (Act 1108), Exemptions (Amendment) Act, 2023 (Act 1110) to, among others, revise the income tax rates for resident individuals and amend the scope and application of value added taxes.

In this Tax Update, we provide a summary of the provisions of these Acts and how they affect individuals and businesses.

Deloitte Tax Update-2024 Budget Highlights
1 MB PDF

The legislations were published in the official gazette on 29 December 2023. The Commissioner-General of the Ghana RevenueAuthority has subsequently issued a written directive indicating the implementation date for these Acts as from January 2024.

This update provides a summary of the provisions and their implications for taxpayers.

Get in touch

George Ankomah

Partner, Tax & Regulatory

Gloria Boye-Doku

Partner, Tax & Regulatory

Gideon Ayi-Owoo

Partner, Tax & Regulatory

Recommendations

Addressing the people and tax implications of working remotely

The future of work is going to look very different from the present. The pandemic tested the flexibility and responsiveness of work and culture everywhere. Since the disruption, hybrid and remote-working models have become the norm more quickly than anyone envisioned pre-pandemic, for example, 78% of tax leaders say that they are here to stay1.
Services

Mobility, Payroll, & Immigration

With remote work, contingent workers, and temporary assignments on the rise, your workforce is increasingly mobile. When an individual crosses a border to work, their movement can create HR, immigration, payroll, and tax ramifications. We help you navigate the strategic and operational implications of a mobile workforce.
Services

Remote, controlled – This changes everything

'What do 820+ tax, HR, mobility, and payroll professionals say about operationalising remote work, attracting top talent, and navigating the tax and business risks? Read our first-ever Global Remote Work Survey for five key actions you can take now to stay ahead of the game.
News

Mobilising a global workforce

Deloitte's global professionals provide a full spectrum of technology-enabled global mobility services, including employment tax, compliance, payroll, immigration, workforce analytics, share plans and employee reward programmes.
Services