The Ghana Revenue Authority (GRA) today announced that it was taking steps to tax foreign income earned by Ghanaian residents.
Details
In a press conference, the GRA stated that foreign income generated from Ghanaian residents was liable to be taxed if the resident had lived in Ghana for 183 days or more.
According to Commissioner General, Ms. Julie Essiam, the decision is not the introduction of a new tax but an expansion and enforcement of the existing tax regime.
Zoom In
For Ghanaian creators and influencers, this means adapting to a new reality where their digital earnings from foreign companies are now subject to taxation.
Most content creators currently generate income from content platforms where monetization is allowed including YouTube, Google, and the X platform.
Once the tax law is enforced, big-name influencers and creators are subject to taxation especially if they work with and are compensation by foreign companies.
Between The Lines
This decision could also affect freelancers who earn income from remote work if they are paid in foreign currency.
Data Insights
According to information by PwC, this table outlines the rate of tax that individuals are subject to pay according to what they earn.
| Chargeable income (GHS) | Rate of tax (%) |
| First 5,880 | 0 |
| Next 1,320 | 5.0 |
| Next 1,560 | 10.0 |
| Next 38,000 | 17.5 |
| Next 192,000 | 25.0 |
| Next 366,240 | 30.0 |
| Exceeding 600,000 | 35.0 |
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