Reminders

Taxpayers are reminded that property tax is due and payable each year, on or before June 30th.

NB All property bills with arrears, must first be queried at the Customer Service Section, before payment is made. Property bills without arrears should be taken directly to the Cashier Section for payment.

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Vehicle

All vehicle owners whose licence plate ends with 1, must renew their vehicle licence before January 31st. Similarly, if your vehicle licence plate ends with 2, you must renew your vehicle licence before February 29th to avoid interest charges and ticketing fees..

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All insurance companies are reminded that a statement showing the number of policies issued, the value of every policy and any other information required by the Accountant General must accompany the registration fee remittance and the insurance premium remittance. The forms can be found under Form & Guides tab then click on Tax Returns.

 

Liquor Licence

All Liquor Licence renewals start at the Sir Lee Llewelyn Moore Judicial Complex (Court's Cashier.) The stub given there, should be presented to the Inland Revenue Department in order to process the Licence.

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BUSINESS LICENCE PAYMENTS AND REGISTRATION FOR TAX

If the application for licence is approved, the successful applicant will receive notice from the Ministry of Finance or the Inland Revenue Department, informing them to visit the Inland Revenue Department to officially register the business and pay for the licence.

On completion of the registration and payment, the Department will issue a Business and Occupation Licence Certificate. This must be displayed in the business place of operation, where it can be viewed by the general public. If the owner has applied for multiple licences, each licence must be displayed in the appropriate business location.

During registration, the owners may be registered for other taxes as provided by the tax laws of the Federation. The compulsory taxes are the Unincorporated Business Tax (UBT) for those businesses that are not incorporated and the Corporate Income Tax (CIT) for those companies that are incorporated. There may be other taxes licences and fees associated with your enterprise. For example, an insurance business will also be registered for Insurance Premium Tax and Insurance Registration Fees and Tour operators will also be registered for Island Enhancement Tax

It is recommended that the business owner visit the Department, so that he /she can fully understand their tax rights, responsibilities and obligations and seek clarification on any issue they may have.

TIPS
  • All taxpayers with arrears, who have not made arrangements to pay their tax debt in full, are encouraged to contact the Inland Revenue Department immediately.  The Department is prepared to assist all taxpayers to honour their tax obligations by providing payment arrangements that considers taxpayers unique circumstances.