The Inland Revenue Department (“IRD”) would like to provide a final reminder to the business community that the extension Business Licence Renewal Period for 2022/23 ends on June 30th, 2022. Payment for renewal must be made on or before Thursday, June 30th, 2022 to avoid penalties of 10% per month.
Similarly, June 30th, 2022 marks the end of the Amnesty which permits licence holders who have accrued penalties on licenses which were not renewed for the fiscal years 2018/2019, 2019/2020, 2020/2021 and 2021/2022. Interested parties are reminded that they must contact the IRD in order to receive a waiver. Failure to take advantage of the Amnesty period will result in the penalties being reinstated and will once again become due and payable as of 1st July, 2022.
Businesses that have ceased to operate and held a Business Licence are encouraged to notify the IRD immediately of such change in order to avoid penalties. All businesses that made or are making changes to their business structure, location, etc. must provide written notice to the IRD.
Business License applicants are reminded and advised that a paid receipt is not proof of licensing and approval must first be obtained through the IRD in the form of the prescribed Business License Certificate.
For more information, please visit the IRD’s Website at www.gov.tc/revenue or visit our offices in Grand Turk, Providenciales, or the District Commissioner’s Offices in any of the family Islands.
License holders and applicants can visit the IRD at their offices in Grand Turk, Providenciales, or the District Commissioner’s Offices in the family Islands to complete and submit applications/renewal forms. Alternatively, licence holders can utilize the E-Services platform to submit applications or renew their business licence. The E-Services platform can be accessed via the following website: https://busreg.gov.tc/busreg/ or at http://www.gov.tc/revenue.
