Ghana income tax act

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Section 2 - Chargeable Income

Section 3 – Assessable Income

Section 4 - Income from Employment

Section 5 - Income from Business

Section 6 - Income from Investment

Section 7 - Exempt Amounts

Section 8 - General Principles

Section 9 - Residual Deduction Rule

Section 10 – Interest

Section 11 - Trading Stock

Section 12 - Repairs and Improvements

Section 13 - Research and Development Expenses

Section 14 – Capital Allowances

Section 15 - Losses on Realisation of Assets and Liabilities

Section 16 - Limit on Deduction of Financial Costs

Section 17 - Losses from Business or Investment

Section 18 – Year of Assessment and Basis Period

Section 19 - Method of Accounting

Section 20 - Cash Basis Accounting

Section 21- Accrual Basis Accounting

Section 22 - Claim of Right

Section 23 - Reversal of Amounts Including Bad Debts

Section 24 - Long-term Contracts

Section 25 - Foreign Currency and Financial Instruments

Section 26 - Quantification According to Market Value

Section 27 - Indirect Payments

Section 28 - Jointly Owned Investment

Section 29 - Compensation and Recovery Payments

Section 30 - Annuities, Instalment Sales and Finance Leases

Section 31 - Arm’s Length Standard and Arrangements between Associates

Section 32 - Income Splitting

Section 33 – Thin Capitalisation

Section 34 - General Anti-Avoidance Rule

Section 35 - Calculation of Gains and Losses

Section 36 - Cost of an Asset

Section 37 - Consideration Received

Section 38 - Realisation

Section 39 - Application of this Division to Liabilities

Section 40 - Reverse, Quantification and Compensation of Amounts

Section 41 - Cost of Trading Stock and Other Fungible Assets

Section 42 - Realisation with Retention of Asset

Section 43 - Transfer of Asset to Spouse or Former Spouse

Section 44 - Transfer of Asset on Death

Section 45 - Transfer of Asset to an Associate or for No Consideration

Section 46 - Realisation of asset with replacement asset

Section 47 - Realisation of Asset as a Result of Merger, Amalgamation or Reorganisation

Section 48 - Transfer by way of Security, Finance Lease or Instalment Sale

Section 49 - Realisation by Separation

Section 50 - Apportionment of Costs and Consideration Received

Section 51 - Personal Reliefs

Section 52 - Principles of Taxation (Partnerships)

Section 53 - Partnership Income or Loss

Section 54 -Taxation of Partners

Section 55 - Cost of and Consideration Received for Partnership Interest

Section 56 - Taxation of Trusts

Section 57 - Taxation of a beneficiary of a trust

Section 58 - Taxation of Companies

Section 59 -Taxation of Shareholders

Section 60 - Branch Profits Tax

Section 61 - Asset Dealings between Entities and Members

Section 62 - Change in ownership

Section 63 - Principles of Taxation (Petroleum Operations)

Section 64 - Separate Petroleum Operations

Section 65 - Exploration and development operations

Section 66 - Income from Petroleum Operations

Section 67 - Deductions for Petroleum Operations

Section 68 - Losses from Petroleum Operations

Section 69 - Disposal of Petroleum Rights

Section 70 - Decommissioning Funds

Section 71 - Withholding tax for petroleum operations

Section 72 - Furnishing of Quarterly Return of Income

Section 73 - Furnishing of Annual Return of Income

Section 74 - Request for further information by Commissioner-General

Section 75 - Payment of tax by quarterly instalment for petroleum operations

Section 76 – Interpretation (Petroleum Operations)

Section 77 - Principles of Taxation (Minerals and Mining Operations)

Section 78 - Separate Mineral Operations

Section 79 - Reconnaissance and Prospecting Operations

Section 80 - Income from Mineral Operations

Section 81 - Deductions for Mineral Operations

Section 82 - Losses from Mineral Operations

Section 83 - Disposal of Mineral Rights

Section 84 - Approved Rehabilitation Funds

Section 85 – Withholding Tax

Section 86 – Interpretation (Minerals and Mining Operations)

Section 87 - Banking Business

Section 88 - Provision for a debt claim

Section 89 - General insurance business

Section 90 - Life insurance business

Section 91 - Proceeds from insurance

Section 92 – Interpretation (Financial Institutions)

Section 93 - Application of Act 766

Section 94 - Taxation of retirement funds

Section 95 - Retirement payments from retirement funds

Section 96 – Interpretation (Retirement savings)

Section 97 - Approval of charitable organisation

Section 98 - Clubs and trade associations

Section 99 - Building societies and friendly societies

Section 100 - Contributions and donations to a worthwhile cause

Section 101 -Resident person

Section 102 - Change of residence

Section 103 - Source of income and quarantining of foreign losses

Section 104 - Source of amounts directly included and directly deducted

Section 105 - Payments sourced from the country

Section 106 – Interpretation (Residence and source)

Section 107 – Principles of taxation (Permanent establishment)

Section 108 - Activities, assets and liabilities of a permanent establishment

Section 109 - Income or loss of a permanent establishment

Section 110 – Interpretation (permanent establishment)

Section 111 – Principles of taxation (Foreign source of income of a resident)

Section 112 - Foreign tax credit

Section 113 - Methods and time for payment

Section 114 -Withholding by employer

Section 115 - Withholding from investment returns

Section 116 - Withholding from supply of goods, service fees and contract payments

Section 117 - Statement and payment of tax withheld or treated as withheld

Section 118 - Withholding certificate

Section 119 - Final withholding payment

Section 120 - Credit for non-final withholding tax

Section 121 - Payment of tax by quarterly instalment

Section 122 - Statement of estimated tax payable

Section 123 - Statement of estimated tax payable not required

Section 124 - Return of income

Section 125 - Return of income not required

Section 126 – Assessment

Section 127 – Regulations