A number of enterprises operate from designated business
premises where the landlords are either Local Authorities or private property
owners such as the Gulf Complex and Kwame Mall, among others. Their place of
business is, thus, comprised of partitioned units in commercial buildings.
The fixed nature of business, thus, presents an opportunity for the tax administration to improve tax collections from presumptive taxes. I, therefore, propose to introduce a presumptive tax of an equivalent of US$30 per unit per month.
Landlords will be responsible for the collection of the
above taxes which take effect from 1 January 2021. Landlords that fail to
collect and remit the tax will be subject to a penalty equivalent to the amount
of tax payable and interest. Furthermore, landlords have the responsibility to
keep accurate records regarding the number of occupants or operators in
respective properties, in order to facilitate administration of tax.
COMMENTS