TaxLawGH by MSL Business School
This calculator is maintained as an interactive online resource. Use https://www.taxlawgh.com/ghana-tax-penalty-interest-calculator for the current calculator and calculation workings.
Revenue Administration Act calculation
Ghana tax penalty and interest calculator
Calculate statutory late-payment interest from the due date to payment using the applicable historical Bank of Ghana monetary policy rates, or calculate the programmed late-filing penalty.
Preparing the Ghana Tax Penalty and Interest Calculator…
Current calculator07 of 08 · Penalties & interest
Ghana payroll calculation
PAYE and take-home pay
Build the result from salary, allowances, bonus, overtime, benefits in kind, statutory SSNIT, personal reliefs and other deductions. Use gross-to-net or solve backwards from a target take-home amount.
| Resident monthly band | Rate | Cumulative upper point |
|---|---|---|
| First GHS 490 | 0% | GHS 490 |
| Next GHS 110 | 5% | GHS 600 |
| Next GHS 130 | 10% | GHS 730 |
| Next GHS 3,166.67 | 17.5% | GHS 3,896.67 |
| Next GHS 16,000 | 25% | GHS 19,896.67 |
| Next GHS 30,520 | 30% | GHS 50,416.67 |
| Balance | 35% | No upper limit |
Technical guides: Ghana PAYE rates and rules · How PAYE is calculated · PAYE filing and payment
Ghana VAT calculation
VAT and statutory levies
Move in either direction between a taxable value and a tax-inclusive invoice. Add CST and Tourism Levy where the transaction legally attracts them.
Technical guides: Ghana VAT rates and rules · VAT invoices · Exempt, zero-rated and relief supplies
Ghana withholding calculation
Income-tax withholding and VAT withholding
Select the recipient and payment category, identify the invoice basis, and separate income-tax WHT from the distinct 7% VAT-withholding mechanism.
Review the complete domestic and treaty rate tables, final/non-final treatment and exclusions.
2026 social-security calculation
SSNIT and Tier 2 contributions
Calculate the employee deduction, employer contribution, SSNIT remittance and Tier 2 allocation from monthly basic salary using the official 2026 minimum and maximum insurable earnings.
Technical guide: Ghana pensions and retirement tax
Act 766 pension calculation
SSNIT old-age pension estimate
Estimate the Tier 1 monthly pension from the average of the member's best three annual salaries, contribution months and retirement age.
2026 Ghana tax calendar
Compliance deadline finder and annual calendar
Find one statutory date or build the complete 2026 tax calendar, including monthly obligations, annual filings, quarterly levies and company-year-end deadlines.
Technical guide: Ghana tax deadlines
Revenue Administration Act calculation
Late-payment interest and late-filing penalty
Calculate statutory late-payment interest with automatic historical Bank of Ghana rates and monthly compounding, or calculate the fixed-plus-daily late-filing penalty.
Technical guide: Ghana tax penalties and interest
Ghana capital allowance calculation
Capital allowance schedule
Use a quick pool calculation or build an advanced asset register with first-year prorating, individual vehicle restrictions, disposals, repairs and CSV import.
| Class or operation | Rate | Method |
|---|---|---|
| Class 1 — computers and data-handling equipment | 40% | Reducing balance |
| Class 2 — vehicles, plant and qualifying machinery | 30% | Reducing balance |
| Class 3 — office equipment, furniture and other assets | 20% | Reducing balance |
| Class 4 — buildings and permanent structures | 10% | Straight line |
| Class 5 — intangible assets | 1 ÷ useful life | Straight line |
| Petroleum and mineral operations | 20% | Specialised straight-line rules |
Technical guide: Ghana capital allowances
Calculation method and legal scope
How this Ghana late-payment calculation works
For late payment, the engine applies the Revenue Administration Act formula: 125% of the applicable Bank of Ghana monetary policy rate, compounded monthly for each month or part of a month during which the tax remains unpaid.
The rate history is selected automatically from the due date entered. Where the monetary policy rate changes during the default, the result shows a period-by-period schedule and applies the verified rate at the start of each statutory monthly period.
The calculation starts from the statutory due date and ends on the payment date entered. A disputed liability, payment allocation, extension or statutory exception can require separate legal analysis.
Other TaxLawGH calculators
Revenue Administration Act, 2016 (Act 915), section 71, including the 125% statutory-rate formula and monthly compounding rule.
Verified Bank of Ghana Monetary Policy Committee releases and official monetary policy rate records from 2017 onward.
Each statutory monthly period is shown with the monetary policy rate and annual statutory rate applied.
The result assumes the dates and outstanding-tax amount entered are legally correct.
Frequently asked questions
Using the Ghana Tax Penalty and Interest Calculator
What rate does the Ghana late-payment calculator use?
It uses 125% of the Bank of Ghana monetary policy rate applicable to each statutory monthly period in the default.
What happens when the Bank of Ghana rate changes during the period?
The calculator creates a period-by-period schedule. A verified new rate is applied from the next statutory monthly period boundary after it becomes effective.
Does part of a month count?
Yes. The programmed section 71 calculation counts each month or part of a month during which the tax remains unpaid and compounds monthly.
How is the historical rate selected?
The engine selects it automatically from a controlled history supported by official Bank of Ghana Monetary Policy Committee materials.
Can the calculator decide whether a penalty or interest charge is legally due?
No. It computes the selected charge from the facts entered. Liability, extensions, payment allocation and statutory exceptions may require separate review.