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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WRAP-UP

To start a business it is recommended that you firstly acquire a Business plan and then fulfill the other requirements listed below:

1. Decide whether you wish to incorporate your business.

2. Apply to the Ministry of Finance for a Business Licence, for each location and type of business.

3. Pay the licence fees and complete the business registration at Inland Revenue Department.

4. Ensure you are registered for all other taxes and that you fully aware of your tax obligations.

5. Submit tax returns and make payments on time to avoid interest and penalties.

6. Inform the Inland Revenue Department and the Ministry of Finance accordingly if there are any changes to your businesses registration particulars. Follow up visit by Inland Revenue.

7. Register for e-services for greater convenience.

TIPS
  • Payment of outstanding taxes and annual filings of financial statements, including tax returns, are due 3 ½ months following the end of the financial year of every company.