Modified Taxation Scheme calculator

The Modified Taxation Scheme taxes small businesses on their turnover instead of their profit.

Since 1 September 2026 it covers individuals with yearly business turnover above GH₵20,000 and up to GH₵750,000.

How it's calculated

Presumptive tax: 3% of your yearly business turnover, if it falls within the scheme's range.

With a yearly turnover of GH₵300,000, the tax is GH₵9,000.

Who is in the Modified Taxation Scheme?

Individuals whose annual business turnover is more than GH₵20,000 but does not exceed GH₵750,000.

When did the threshold change?

The Income Tax (Amendment) Act, 2026 (Act 1178) raised it, effective 1 September 2026.

Is it based on profit?

No. It is a presumptive tax on turnover, so expenses do not reduce it.

Up-to-date official data

Data checked against the official source on 18 October 2026.

We check the official sources automatically, every day.