{"id":464,"date":"2017-09-11T06:42:07","date_gmt":"2017-09-11T06:42:07","guid":{"rendered":"https:\/\/theworkspacetest.com\/audreygrey\/2017\/09\/11\/tax-reliefs-2\/"},"modified":"2017-09-11T06:42:07","modified_gmt":"2017-09-11T06:42:07","slug":"tax-reliefs-2","status":"publish","type":"post","link":"https:\/\/theworkspacetest.com\/audreygrey\/2017\/09\/11\/tax-reliefs-2\/","title":{"rendered":"Tax Reliefs"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\"><b>TAX RELIEFS <\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>Thinking Tax Returns? Think Tax Reliefs too.<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">The deadline for submission of tax returns is looming near. Have you prepared your returns?<span class=\"Apple-converted-space\">\u00a0 <\/span>Have you claimed all the reliefs available that could go to reduce your income tax liability? There are several reliefs available upon application to the Commissioner-General to help in reducing your<span class=\"Apple-converted-space\">\u00a0<\/span>personal tax liability. <\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Types Of Reliefs<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">The personal reliefs you can take advantage of come in different shapes and forms. These reliefs are described shortly below.<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li3\"><span class=\"s1\"><b>Marriage \/ Responsibility Relief<\/b><\/span><\/li>\n<\/ul>\n<p class=\"p3\"><span class=\"s1\">This is a relief of <b>Two Hundred (200) Ghana Cedis<\/b> per annum granted to a resident individual who takes care of a dependent spouse or at least two (2) dependent children.<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li3\"><span class=\"s1\"><b>Child Education Relief<\/b><\/span><\/li>\n<\/ul>\n<p class=\"p3\"><span class=\"s1\">This is a relief granted to a resident individual who caters for the education of his child or ward in a recognized, registered educational institution in the country. A child is defined by the Children\u2019s Act, 2016 as an individual under the age of eighteen (18) years. The relief is granted up to a maximum of three (3) children. A child under this law includes an adopted child or ward.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">The relief is an amount of two hundred (200) Ghana Cedis per child.<span class=\"Apple-converted-space\">\u00a0 <\/span>So, if you have four children of school going age, then I am sorry to say that you can only claim relief on three of the four children. And don\u2019t forget that only one of two parents can claim this relief in respect of each child.<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li3\"><span class=\"s1\"><b> Disability relief<\/b><\/span><\/li>\n<\/ul>\n<p class=\"p3\"><span class=\"s1\">This is a relief granted to persons who prove to the satisfaction of the Commissioner-General that they are disabled. Disabled persons who receive income from business or employment qualify to receive this relief. <\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">The relief is twenty-five (25) percent of the disabled person\u2019s income from business or employment. <\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li3\"><span class=\"s1\"><b>Old Age Relief<\/b><\/span><\/li>\n<\/ul>\n<p class=\"p3\"><span class=\"s1\">This is a relief of two hundred (200) Ghana Cedis per year granted to individuals who are sixty (60) years of age and above. <\/span><\/p>\n<p class=\"p4\"><span class=\"s1\"><span class=\"Apple-converted-space\">\u00a0\u00a0<\/span><\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li3\"><span class=\"s1\"><b>Aged Dependent Relative Relief<\/b><\/span><\/li>\n<\/ul>\n<p class=\"p3\"><span class=\"s1\">You will be entitled to this relief if you are resident in Ghana and take care of a relative who is sixty (60) years old and above.<span class=\"Apple-converted-space\">\u00a0 <\/span>This relief is granted to a maximum of two (2) relatives. This relief does not apply to dependent spouse or child and two (2) persons cannot claim this relief in respect of the same relative. The relief is One Hundred (100) Ghana Cedis per\u00a0year.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">\u00a0<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li3\"><span class=\"s1\"><b>Educational relief<\/b><\/span><\/li>\n<\/ul>\n<p class=\"p3\"><span class=\"s1\">If you are undergoing training to update your professional, technical, or vocational skills or knowledge, then you may consider applying for educational relief. The relief is capped at Four Hundred (400) Ghana Cedis per year.<\/span><\/p>\n<p><script src=\"chrome-extension:\/\/bincmiainjofjnhchmcalkanjebghoen\/aiscripts\/script-main.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TAX RELIEFS Thinking Tax Returns? Think Tax Reliefs too. The deadline for submission of tax returns is looming near. Have you prepared your returns?\u00a0 Have you claimed all the reliefs&#8230;<\/p>\n","protected":false},"author":1,"featured_media":400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-464","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-corporate"},"_links":{"self":[{"href":"https:\/\/theworkspacetest.com\/audreygrey\/wp-json\/wp\/v2\/posts\/464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theworkspacetest.com\/audreygrey\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theworkspacetest.com\/audreygrey\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theworkspacetest.com\/audreygrey\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theworkspacetest.com\/audreygrey\/wp-json\/wp\/v2\/comments?post=464"}],"version-history":[{"count":0,"href":"https:\/\/theworkspacetest.com\/audreygrey\/wp-json\/wp\/v2\/posts\/464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theworkspacetest.com\/audreygrey\/wp-json\/wp\/v2\/media\/400"}],"wp:attachment":[{"href":"https:\/\/theworkspacetest.com\/audreygrey\/wp-json\/wp\/v2\/media?parent=464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theworkspacetest.com\/audreygrey\/wp-json\/wp\/v2\/categories?post=464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theworkspacetest.com\/audreygrey\/wp-json\/wp\/v2\/tags?post=464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}