GROW YOUR BUSINESS IN GHANA

Have an enterprise level payroll department and a HRMS with Employee Self-Service at a per employee cost

Where to Find us

One Airport Square
Airport City
Accra
Ghana

​Praxima Services Includes

  • Full Payroll Outsourcing
     

  • Hybrid Payroll Outsource
     

  • International Payment Management
     

  • Local Filing
     

  • Social Security Filing
     

  • Interact with Local Authorities
     

  • Human Resources Management System
     

  • Integration with all Accounting and Third Party

    Software

Benefits of outsourcing to Praxima

Local Tax Compliance

Secure Data Transferring

Responsive Administrators

Increase Productivity

Industry Experts

Running Your Payroll

Focus on Your

Core Business

International Quality Payroll in Ghana

Payroll in Ghana

The Pay-As-You-Earn (PAYE) is a system that withholds income tax from the employees’ salaries by the employer who the remits the tax to the Ghana Revenue Authority by the 15th of the following month.  It is also the responsibility of the employer to file tax return on the employee’s behalf by the 30th of April after the end of the calendar year.  

TAX RATES  |  2019 / 2020

 

Taxable income of residents 
(Cumulative chargeable income)

 

GHS:                              Rate
0 - 3 132                       0%
3 132 – 3 972              5%
3 972 – 5 172              10%
5 172 – 38 892            17.5%
38 893 - 120 000         25%

Above 120 000             35%

STATUTORY FILING  |  2019 / 2020

For all employment income, it will be the employer's responsibility to withhold and pay taxes on a monthly basis.  The employer is also required to file tax returns on behalf of the employee by the 30th of April after the calendar year ends.  It is required that self-employed persons make advance payments of personal income tax calculated at progressive rates in four equal installments. 

SOCIAL SECURITY  |  2019 / 2020

Pension contributions are regulated by the National Pensions Act, 2008 which establishes the pensions schemes as follow:

  • First Tier - a mandatory basic national social security scheme;

  • Second Tier - a mandatory fully funded and privately managed occupational pension scheme, and

  • Third Tier - a voluntary fully funded and privately managed provident fund and personal pension scheme.It is mandatory for the employer to contribute 13% of the employee’s salary and for the employee to contribute 5,5% of his/her salary to social security.

 

 The employer must remit the total contributions to the Social Security and National Institute Trust within 14 days after the end of the month of which the deductions was made.

Tax Residents

An individual will qualify as a tax resident if he/she

  • is a Ghana citizen that does not have a permanent home outside Ghana in a calendar year;

  • is present in the country for 183 days in any 12-month period; or

  • is a citizen with a permanent home in Ghana, but temporarily outside of the country for a period not longer than 365 continuous days.  Resident individuals are taxed on a sliding scale from 0% and 25%, while non-residents are subject to a flat rate tax of 20%.

Taxable Income

 

Taxable employment income includes salaries, bonuses, overtime, other benefits and allowances.

 

Remuneration earned by a tax resident for any work performed outside Ghana will be taxed when earned and not when entering Ghana.

.  

Exempt Income

A resident individual may deduct several personal reliefs from their gross income to lower his/her annual taxable income.  These personal reliefs include:

  • GHS 200 basic allowance for a married taxpayer that is supporting a spouse, or an unmarried taxpayer that is supporting at least two children.

  • GHS200 allowance for a taxpayer over the age of 60 that is employed or self-employed.  

  • GHS 200 for child relief to pay for the education of a child.  

  • A relief of GHS100 if a taxpayer is supporting an elderly relative.  

  • A relief of GHS400 for professional, vocational or technical skill training. 

Your HRMS is Standard 

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Employee Self-service

Payslip and tax certificate retrieval. Updating of personal particulars. Leave request and balance enquiries

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Records

Employee documents folder. Training records. Heath & Safety records. Disiplinary records. Qualifications, resume and hiring records.

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Work Flow

Workflow with different approval levels. Full work flow functionality for leave requests, expense and time-sheets

PAYMENTS, REPORTING & FILING

  • Direct payment into employee bank accounts. Emailed password protected pay slips.

  • Payment of taxes, benefit providers and other creditors.

  • Filing of returns to the authorities.

  • Generation and filing of statutory reports.

  • General ledger and 100's of customisable reports.

Get in Touch

Outsource to Praxima

Partner with us

Join Mailing List

Tel: 010 035 1050 (+27)
Int: 678 701 3384 (+1)
E-mail:  jhb@praxima.com

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