GHANA REVENUE AUTHORITY

DOMESTIC TAX REVENUE DIVISION

RETURN ON PROPERTY AND RENT INCOME

FOR THE PERIOD TO

(MM/YYYY) (MM/YYYY)

Select currency in which data is presented. GH¢ US$ £ €

NAME

NEW OLD

TIN TIN

(Please refer to the completion notes overleaf for guidance in completing this form)

DUE DATE FOR SUBMISSION OF RETURN

A. PARTICULARS OF PROPERTY

Type of Property / Land/House Number / Location of property / Use to which property is put( Residential, Commercial, Mixed)

TENANTS DETAILS

NAMES TENANTS / OCCUPANCY PERIOD / ANNUAL RENT
FROM / TO

B. COMPUTATION OF TAX

Gross Income / Rate of Tax / Tax Payable To GRA

D. DECLARATION

I hereby declare that the particulars given in this return are true and correct

NAME

SIGNATURE OR

DATE

This form must be completed by every person who derives any income from rent and must be delivered to the Commissioner of Domestic Tax Revenue Division within four months after the end of the Assessment or Tax year.

RETURN ON PROPERTY AND RENT INCOMES

COMPLETION NOTES

Please read the following notes carefully before completing the return

The Return should be completely filled. All boxes / columns should be completed, where a response is not applicable enter n/a for text or a dash (-) or zero (0) for value or number

RETURN ON PROPERTY AND RENT INCOMES: This return reports on income earned on Property and Rent. Fields to be completed are:

1.0  FOR THE PERIOD: This refers to the period within which incomes were earned

2.0  DENOMINATION: State the currency in which the income was earned

3.0  NAME OF PROPERTY OWNER: This is the name of the person receiving the property or rent income

4.0  NEW TIN: This is the New eleven (11) character Taxpayer Identification Number.

5.0  OLD TIN: This is the Old ten (10) character Taxpayer Identification Number

6.0  ADDRESS – POSTAL & RESIDENTIAL: This refers to the contact address of the property owner and is postal and residential

7.0  TELEPHONE NUMBERS: The telephone numbers of the property owner must be stated here whether landline or cellular

8.0  E-MAIL: This refers to the E-mail address of the property owner if available.

9.0  WEBSITE: The website address of the property owner is posted here if available

10.0 OCCUPATION: This space is used to state the major business activity of the property owner

11.0 PARTICULARS OF PROPERTY: This area provides information on the various types of property on which income is earned The information include

I.  Type of Property i.e. description of the property

II.  Land/House Number refers to the number identifying the property

III.  Location of Property refers to the geographical location of the property and should be clear.

IV.  Use to which Property is put tells whether the property is used for commercial, residential or other uses

12.0 TENANT DETAILS: This item refers to information of users of the property for which income is earned and include;

I.  Name of Tenant Names of all economic users of the property

II.  Occupancy Period Start and End dates of the occupancy

III.  Annual Rent Amount of money paid annually for use of the property

13.0 COMPUTATION OF TAX: This refers to the method of calculating the Tax and is made up of;

I.  Gross Income This refers to the sum of all incomes received

II.  Rate Of Tax This is the approved rate of tax applicable to the income

III.  Tax Payable to GRA This refers to the total tax payable to GRA and is computed by multiplying Gross Income by Rate of tax (14 ii x 14 iii)

14.0 DECLARATION: This is to be done by the property owner or a responsible representative and should include Name, Signature and Date

DT 0117 ver 1.0