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The Ghana Revenue Authority (GRA) is the Ghana administration charged with the task of assessing, collecting and accounting for tax revenue in Ghana. [1] [2]As part of efforts to improve compliance, the Authority is required to assist taxpayers to understand and meet their tax obligations by providing robust and comprehensive advice.
However, individuals are subject to a payroll deduction made of up to 8% for employees with additional 2% up to 6% of employer's gross salary paid by employers depending on the category the individuals fall into. There are two categories of employers: "Class 1" and "Class 2" The payroll tax applies to all remunerations/salaries over US$10,000 ...
There is a severance pay calculator based on common law "Bardal Factors" that predicts the amount of severance pay owed as determined by the court. [18] The goal is to provide enough notice or pay in lieu for the employee to find comparable employment.
Some systems also require that employees pay such taxes. [11] Where the employees are required to pay the tax, it is generally withheld from the payment of wages and paid by the employer to the government. Social insurance tax rates may be different for employers than for employees.
Labor burden is the actual cost of a company to have an employee, aside from the salary the employee earns. Labor burden costs include benefits that a company must, or chooses to, pay for employees included on their payroll.
Contemporary time sheet. A timesheet (or time sheet) is a method for recording the amount of a worker's time spent on each job.Traditionally a sheet of paper with the data arranged in tabular format, a timesheet is now often a digital document or spreadsheet.
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