Certified Statement of Turnover for Business Licences

December 9th, 2015 (Nassau, Bahamas) – The Department of Inland Revenue reminds the public that Business Licence Regulation No 5 was amended in July 2015. The regulation states that, “Where a business has a turnover of one hundred thousand dollars per annum or more, submitted financial results should be accompanied by a statement as to…

Department of Inland Revenue Business License Payment Methods

August 27th, 2015 (Nassau, Bahamas) -The Department of Inland Revenue reminds the public that there are several ways to pay when applying for or renewing your business licence using the Online Tax Administration System (OTAS). The public needs to ensure that their payments are being made with respect to Business Licence and not Value Added…

Department of Inland Revenue Introduces Online System

March 18th , 2015 (Nassau, Bahamas) -The Department of Inland Revenue would like to advise the public of the introduction of its new online portal for Business Licence that is coming in April, 2015. This online portal will provide businesses with a simple, user-friendly, online application and payment system. This system will also provide an…