46 Presumptive Income Tax

(1) There is imposed a Presumptive Income Tax payable under this Law to be administered by the Service;

(2) Presumptive Income Tax shall be chargeable 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;

(3) A Taxpayer chargeable under Presumptive Income Tax shall be assessed having regards to the following Bands: Micro, Small or Medium Enterprises based on their level of activities.

(4) The Presumptive Income Tax payable shall be in accordance with the category of Trade, Business, Vocation and Profession as contained in the Administrative Table in the First Schedule to this Law;