46 Persons Under the Presumptive Tax Regime

Notwithstanding any of the provisions of this Law, where for all practical purposes the income of the taxpayer cannot be ascertained or financial records are not kept in such manner as would enable proper assessment, then such a taxpayer shall be assessed on such terms and conditions as the Board may prescribe, having regard to the following bands: Micro, Small, and Medium Scale businesses based on their level of activities.