The General Public is hereby advised of the following changes to Business License Renewal procedures and policies:
  • The Department of Inland Revenue has made it easier for business owners to file and pay for their Business License Renewals online. Please see the following website for instruction: http://www.inlandrevenue.finance.gov.bs/business-licence/applying-for-business-licences/
  • Business License Returns must be FILED by 31st January. There is a late fee of $100 for late filing;
  • Business License Returns filed by 31st January must be PAID FOR on or before 31st March. There is a 10% surcharge for late payment;
  • Business owners that fail to notify the Department of inactivity or closure/cessation of a business will pay a $100 late fee;
  • Businesses with a turnover of $100,000 or more MUST submit a letter of support from a CPA (Certified Professional Accountant) with their return to certify their financial declaration.