#Providenciales, February 26, 2019 – Turks and Caicos – The Revenue Department would like to remind the general public that the 2019/20 Business Licence Renewal period will commence March 1st 2019. To assist with expedite the renewal process, Customers should take note of the following:
Registered companies are required
to submit a copy of their register of members/shareholders and demonstration of
good standing with their application for renewal.
Sole traders and partnerships must
present a valid Business Name Registration Certificate from the Financial
Services Commission along with their application for renewal.
Establishments requiring annual
inspections from the Environmental Health or an Accommodation Licence are
reminded to seek inspection ahead of the renewal deadline. Applications
will not be accepted until all relevant information is received. The
Revenue Department reserves the right to request further documentation and
conduct inspections.
Application and payment for
renewals must be made on or before April 30th 2019
to avoid penalties.
The Revenue Department (RD) would also like to remind the general public that Business Licence Certificates must be promptly collected at the Revenue Department Offices. Business Owners are urged to collect and display their Business Licences prominently in the place of business. This is in accordance with section 16 of the Business Licence Ordinance which states:
“The Holder of a
licence shall display the licence in a conspicuous place on any premises
occupied by him for the purpose of carrying on business and shall produce such
licence for inspection when requested to do so by the Permanent Secretary,
Finance or a person authorized by him in that behalf, or a Police Officer not
below the rank of Sergeant.”
A Business Owner may be liable for a fine of $1000, if he or she
fails to properly display the business licence within his/her business.
Business Licence holders are hereby urged to collect outstanding licences immediately. Please contact the Taxpayer Services Section for further information.