GHANA REVENUE AUTHORITY

DOMESTIC TAX REVENUE DIVISION

EMPLOYER'S MONTHLY TAX DEDUCTIONS SCHEDULE (P. A. Y. E.)

CURRENT TAX OFFICE LTO MTO STO
(tick one) Name of Tax Office
NAME OF EMPLOYER FOR THE MONTH OF
(MM/YYYY)
EMPLOYER'S TIN

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27
PENSIONS

Bonus
Income(up Total Tax
Non- Secondary to 15% of Final Tax on Total Cash Accommo Total Assessable Total Chargeable Payable to
Ser. TIN (11 Resident (Y Employment Social Cash Annual Bonus EXCESS emolument dation Vehicle Non Cash Income Deductible Reliefs Income Tax Overtime Overtime GRA Severance
No characters) Name Of Employee Position / N) Basic salary (Y / N) Security Fund Third Tier Allowances Basic salary) Income BONUS (6+10+13) Element element Benefit (14+15+16+17) Reliefs (8+9+19) (18 - 20) Deductible Income Tax (12+22+24) pay paid Remarks

TOTALS
DECLARATION:

I, ____________________________________________________________ hereby declare that the information provided above is true and correct.
Name of Declarant

POSITION SIGNATURE DATE

Internal Use Only

Vetted By

Page 1 DT_0107a_employer_monthly_tax_deductions_schedule_v1_2.xlsx
 EMPLOYER'S MONTHLY TAX DEDUCTIONS SCHEDULE (P. A. Y. E.)
COMPLETION NOTES
FOR SOFT COPY SUBMISSION, USE PAYE EMPLOYEE.CSV FILE (see sample file - note: no commas)
(1)   Employers’ Monthly Tax Deduction Schedule .
This schedule shows all the details of the individual employees’ tax. This is made up of:
(A)  Name of Employer: This is the name of the Employer
(B)  Employer’s TIN: This is the eleven (11) character TIN of the Employer
(C)  Month and year for which the tax details are relate

1.      Serial Number of Staff (This is the numerical listing of all Employees)
2.      Employee TIN: This is the eleven (11) character TIN of the Employee
3.      Employee Name: This is the name of the employee
4.      Position: This is the position of the employee. Enter one of these codes - EXPT (Expatriate), MNGT (Management), SENR (Senior), JUNR (Junior), OTHR (Other - contract staff
etc)
5.      Non-Resident: If non-resident. Enter Y (Yes) for Non-Resident or N (No) for Resident.
6.      Basic salary: This is the amount represented as the salary of an employee and applicable to the position of the employee without the addition of any allowances or benefits paid in
kind. (Note: this amount is inclusive of SSF and Third Tier)
7.      Secondary Employment: Enter Y (Yes) to indicate whether the employee is on secondary employment or N (No) otherwise.
8.      Social Security Fund: This is the amount of Social security contributed by the employee. This must be either 5.5% of the employee’s basic salary or Zero (0) - for 60 years plus;
secondary employment or non-resident)

9.      Third Tier: Approved Provident Fund (the third tier pension scheme): This is the amount contributed by the employee in respect of a scheme that has been approved by the National
Pensions Regulatory Authority (NPRA) and for which the Commissioner – General has granted the tax relief. The total amount claimable is limited to the employee’s contribution to the
scheme and must not be more than 16.5% of the employee’s monthly basic salary
10.  Cash Allowances: This is the sum of all cash allowances other than the employee’s basic salary

11.  Bonus Income (up to 15% of Annual Basic Salary): This is up to 15% of the employees Annual basic salary and is subject to a concessionary tax rate
12.  Final Tax on Bonus: This is the final tax of 5% on bonus income (11) which is up to 15% of the employee’s annual basic salary

13.  Excess Bonus: This is the difference between the Bonus Paid and Bonus Income (i.e. 11 above - 15% of the employee’s annual basic salary).
14.  Total cash emolument: this is the sum of the basic salary, cash allowances and excess bonus (6+10+13)

15.  Accommodation element: Use the table in the second schedule of Internal Revenue Act, 2000 (Act 592) as amended to determine this benefit in kind
16.  Vehicle element: Use the table in the second schedule of Internal Revenue Act, 2000 (Act 592) as amended to determine this benefit in kind.
17.  Non-cash benefits: This is the sum of all cash equivalent of benefits other than cash (e.g. utility bills etc)

18.  Total Assessable Income: This is the sum of total cash emolument, accommodation and vehicle elements, and non-cash benefits (14+15+16+17)

19.  Deductible Reliefs: This is all applicable upfront reliefs under section 39 of Act 592 as amended and Regulation 32 of the Internal Revenue Regulation 2001 as amended
20.  Total Reliefs: This is the sum of allowable pension reliefs granted to the employee and deductible reliefs (8+9+19)
21.  Chargeable Income: This is the total assessable income less total reliefs (18 - 20)

22.  Tax deductible: This is the value of tax on Chargeable Income (total taxable emolument) using the rates in the First schedule of Internal Revenue Act, 2000 (Act 592) as amended.
23.  Over time Income: This is the value of overtime paid to a Qualifying Junior Employee whose qualifying Employment income is not more than GHS800 per month or GHS9,600 per
annum
24.  Over time Tax: This is a final tax based on a concessionary rate under Regulation 28(1) of the Internal Revenue Regulation 2001 as amended
25.  Total Tax Payable to GRA: This is the sum of all taxes deducted from the employee’s income and paid to GRA (final tax on bonus + final tax on over time + tax deductible. i.e.
12+22+24)

26.  Severance Pay: this is an amount paid to an employee for the loss of employment as a result of re-organisation , amalgamation etc. (this amount is exempt from tax)
27.  Remarks: This is any relevant information
28. Complete Declaration Section
NOTE: INSERT ROWS AS REQUIRED FOR NUMBER OF EMPLOYEES

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