Taxes, Fines and Penalties – BL

Business licence tax payable for a new business is $100; other than temporary business, occasional business and non-resident business.Taxes payable for existing businesses vary based on the types of businesses currently operating and the turnovers. Please refer to Tax Schedule As 1st July, 2015 below.

 Business Licence Late fees implemented July 1, 2015,

  • $100 late filing of application for licence renewal
  • $100 late notification of inactivation or cessation of business
  • 10% of tax liability for late payment of business licence
  • Filing for renewals of business licences are due on or before 31st January for the succeeding year
  • Notification of inactivation or cessation of a business is due on or before 31st January for the succeeding year
  • Business licence taxes are payable by 31st March for the succeeding year
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pdf icon Tax Schedule As 1st July, 2015