How to Calculate and Apply for Tax Relief

Here is How to Calculate and Apply for Tax Relief.

The Ghana Revenue Authority, GRA has outlined the following ways to Apply for tax relief and also outlined various types of Tax Reliefs. On How to Calculate the tax relief, for personal tax reliefs, the amounts are stated below.

Personal Tax Relief

A relief is an allowance given to a resident individual to reduce his or her tax burden.
A resident individual can apply to the Commissioner-General in a prescribed form. The relief is given concerning your personal situation as stated on your application form.
The relief form can be obtained from any of the GRA’s Domestic Tax Revenue Division offices across the country.

Tax relief is a reduction in the amount of taxes someone owes. It can be provided by the government or other entities as an incentive, or in recognition of any socio-economic hardships faced by an individual or business. Tax relief can be in the form of deductions, exemptions, credits, or other forms of relief.

GRA Tax Portal Dashboard For Taxpayers and All You Need to Know FAQ

Types of Reliefs

Upfront Reliefs

Marriage / Responsibility Relief

This relief is granted to a resident individual who takes care of his wife or her husband or takes care of at least two children.

The relief is GH¢1,200 per Year

Child Education Relief

This is granted to a resident individual who pays his or her child’s school fees. The relief is granted to a maximum of three children attending any recognized registered educational institution in Ghana. A child under this law includes an adopted child or ward.

Both parents cannot claim this relief in respect of the same child /children

The relief is GH¢600 per Child per Year.

Disability Relief

This is granted to persons who prove to the satisfaction of the Commissioner-General that they are disabled

This relief is granted to disabled persons who receive income from business or employment only

The relief is 25% of the disabled person’s income from business or employment

Old Age Relief

This relief is granted to persons who are 60 years of age and above.

The relief is GH¢1,500 per Year.

Aged Dependent Relative Relief

This relief is granted to a resident individual who takes care of a relative who is sixty years old and above.

The relief is granted up to a maximum of two relatives

The relief does not apply to a dependent’s spouse or child

Two persons cannot claim this relief in respect of the same relative.

The relief is GH¢1,000 per Year.

Educational Relief

A resident individual can also be granted educational relief if that person undergoes training to update his/her professional, technical, or vocational skills or knowledge.

The relief is GH¢2000 per year.

Mortgage Relief

Mortgage interest relief is a tax relief based on the amount of qualifying mortgage interest that you pay in a given tax year for your principal private residence and this relief can be enjoyed for only one building.

Tax Relief Form

Download this Form Click to Download 

Contact the GRA for more information

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