Global Expansion Updates - December 2018

We are pleased to present the December issue of SKP Global Updates – our newsletter that covers employment, payroll, Goods and Services Tax (GST)/Value Added Tax (VAT) and corporate tax-related developments globally.

The key highlights of this issue include Penalty for Non-submission of Income Tax Returns in South Africa, Canada Pension Plan Contribution Limits Increase, Payroll Tax Amendments in Australia and Belgium announces changes to Income Tax Advance Payments for 2018.

Africa

Ghana

2019 Budget Tax Effects

Following are the proposed tax measures in the budget:

• The highest individual personal income tax rate band would be reduced from 35% to 30%. Nevertheless, the threshold subject to the highest rate would increase from GH¢10,000 to GH¢20,000.