COLA Was Not Taxed In 2014 According To Tax Records. Good news for workers: REJOINDER [2 payslips in 2014, before and after COLA implementation uploaded for illustration]
Highlights
1. COLA was actually not taxed in 2014, supported by two (2) payslips, before and after COLA implementation.
2. After our own deeper and verified information to counter our earlier publications that COLA was taxed in 2014, it is necessary to give the new information the same publicity as the former.
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3. You also have the opportunity to view the payslips of a graduate teacher with an entry level salary in 2014 and compare it with this year’s entry amount. But do not forget to convert it to dollar values for a clearer picture.
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4. Observing the two payslips, you will notice that the tax amount paid for both April 2014, when COLA was not paid then, and May 2014, when COLA was paid, are the same, which is Ghc153.27.
5. This means that no extra tax was paid even after the payment of COLA.
6. We are sorry for any inconveniences caused by our earlier alluding to the fact that COLA was taxed in 2014.
7. We are always available and ready to offer rejoinder to any publication when there is a need. Information is paramount.
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