Understanding the GRA Tax Relief: Amounts and Categories
Understanding the GRA Tax Relief: Amounts and Categories
Are you wondering how much tax relief you can get from GRA? You need to pay tax to get the relief and apply for it annually. Here’s a breakdown of the different categories of tax relief available:
Personal Tax Relief
A relief is an allowance given to a resident individual to reduce their tax burden. A resident individual can apply to the Commissioner-General in a prescribed form. The relief is given based on 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.
Types of Reliefs
1. Marriage / Responsibility Relief
- Amount: GH¢1,200 per Year
2. Child Education Relief
- Amount: GH¢600 per Child per Year
3. Disability Relief
- Amount: 25% of the disabled person’s income from business or employment
4. Old Age Relief
- Amount: GH¢1,500 per Year
5. Aged Dependent Relative Relief
- Amount: GH¢1,000 per Year
6. Educational Relief
- Amount: GH¢2,000 per Year
7. Mortgage Relief
- Based on the amount of qualifying mortgage interest paid in a given tax year for your principal private residence. This relief can be enjoyed for only one building.
Detailed Explanation of Each Relief
Marriage Relief
This relief is granted to a resident individual who takes care of their spouse or at least two children.
Child Education Relief
Granted to a resident individual who pays their child’s school fees. It applies to a maximum of three children attending any recognized registered educational institution in Ghana. This includes adopted children or wards. Both parents cannot claim this relief for the same child/children.
Disability Relief
Granted to persons who prove to the satisfaction of the Commissioner-General that they are disabled. This relief applies to income from business or employment only.
Old Age Relief
Granted to persons who are 60 years of age and above.
Aged Dependent Relative Relief
Granted to a resident individual who takes care of a relative who is sixty years old and above. This applies to a maximum of two relatives. The relief does not apply to a dependent’s spouse or child, and two persons cannot claim this relief for the same relative.
Educational Relief
Granted to a resident individual undergoing training to update their professional, technical, or vocational skills or knowledge.
Mortgage Relief
Based on the amount of qualifying mortgage interest paid for your principal private residence.
How to Apply for GRA Tax Relief
- Visit the GRA Office and get a form.
- Fill it with your details and submit it to the office after it has been endorsed by your head/HR or Accountant.
This service is free.
If you are unsure how to fill it out, you can contact us for assistance (for our audience only).
Check my video guide below
If you are unsure how to fill it out, you can contact us for assistance (for our audience only). 0550414552 , we do not work at GRA Take note.
https://youtu.be/I8MxjEmKlM8
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Source: https://gra.gov.gh/domestic-tax/personal-tax-relief/
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