Personal income tax deduction: life and private medical insurance premiums, and contributions to social insurance, pension and provident funds, and GHS photo

Personal income tax deduction: life and private medical insurance premiums, and contributions to social insurance, pension and provident funds, and GHS

On 6 December 2019, the House of Parliament approved an increase in the maximum annual tax deduction for life and private medical insurance premiums, and contributions to social insurance, pension and provident funds, and the General Health System (GHS) from an amount equal to one-sixth (1/6th) to an amount equal to one-fifth (1/5th) of an …

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