Description

The Scope and Coverage of Income Taxation is an authoritative book on the subject of income taxation in Ghana. It is compiled for sta  of the GRA working within the Domestic Tax Revenue Division, tax practitioners, tax lawyers, tax consultants, accountants, nance o cers working in public and private organizations, students of law (LLB), accounting, and taxation, as well as students pursuing professional courses in taxation and accounting in Ghana.

The book is organized into twenty chapters. Chapter one discusses the general principles governing income taxation in Ghana. Chapter two covers the differences between Assessable Income and Chargeable Income, with practical illustrations. Chapter three explores the Residence Concept in taxation, distinguishing between resident and non-resident persons. Chapter four discusses the concepts of Year of Assessment and Basis Period. Chapter five covers the timing of income inclusion and expense deduction, commonly known as the Method of Accounting. Chapters six to eight delve into the three main classes of income subject to tax in Ghana: Business Income, Investment Income, and Employment Income. Chapters nine and ten address the rules on deductibility of expenses (Allowable Deduction) and the computation of Capital Allowances, respectively.

Chapter eleven covers the gains on the realization of assets and liabilities, while chapters twelve, thirteen, and fourteen address tax evasion, tax avoidance, temporary concessions, and withholding taxes, respectively. Chapters fifteen through eighteen discuss the taxation of sole proprietors, companies, partnerships, and trusts. Chapter nineteen is dedicated to the taxation of permanent establishments and branch pro t tax. The  nal chapter discusses the various types of assessment and their accompanying returns. The author has provided practical illustrations under each chapter to elucidate the legal meaning behind each provision.

The author also summarized selected court cases under each topic to reiterate the interpretations that courts have placed on the provisions of the Income Tax Act. These cases helped shed more light on the Act’s provisions and provided clarity to readers regarding the courts’ perspectives