Businesses Operating Illegally

July11th, 2016 (Nassau, Bahamas) – The public and business owners are reminded that businesses operating without a current business license are doing so illegally. Compliance officers from the Department of Inland Revenue (DIR) will be making checks in the coming weeks and offenders will be dealt with in accordance to the law. The deadline for…

Reminders to Business Licence Applicants

June 14th, 2016 (Nassau, Bahamas) – Business Licence applicants are reminded to regularly check their email or online account for messages regarding the following: Acknowledgements on receipt of applications Case numbers for tracking applications (eg. REG123, BLU456) Request for additional information/requirements Notification of fees due and payment instructions Notification of Approved Business Licence for printing…

MOF and The Bahamas Chamber of Commerce meet to discuss the new requirements for Business Licence

February 3rd, 2016 (Nassau, Bahamas) – Executives from The Bahamas Chamber of Commerce and Employer’s Confederation (BCCEC) met with officials of the Ministry of Finance on Friday, January 28th, 2016 to discuss the new requirements for business licence. The BCCEC was concerned that the new requirements placed an unnecessary financial and administrative burden on small…

Business Licence Certification Requirement

February 1st, 2016 (Nassau, Bahamas) – The public is reminded that the deadline for the submission of all 2016 business licence renewal applications was January 31st, 2016. Renewal applications should have been submitted by this time to avoid the late application penalty of $100. Businesses should settle licence fees by March 31, 2016 to avoid…

Department of Inland Revenue Business License Payment Methods

December 21st, 2015 (Nassau, Bahamas) -The Department of Inland Revenue reminds the public that the renewal and payment for business licenses can only be done online. All business licenses expire on December 31st, 2015 and applications must be renewed on or before January 31st, 2016 to avoid a late fee. Payment for renewing your business…