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Tag Archives: employers

Tax

Will your loan benefit attract a tax? Beware, the rules have changed!

Posted on January 11, 2018January 9, 2023 by George Katako
11
Jan

It’s common for employers in Ghana to give loans to their employees at rates far lower than those of the banks and financial institutions. Prior to 1st January 2016, the benefits inherent in such loan benefits were not taxed. This situation changed with the passage of the Income Tax Act, 2015 (Act 896). Under the […]

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Posted in Tax  |  Tagged employees, employers, loan benefit, tax

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