Turks & Caicos Business Licence Renewal Process 2019 / 2020
Turks & Caicos Government Press Release
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.