Department of Inland Revenue Business License Payment Methods
By Department of Inland Revenue
Aug 27, 2015 - 3:45:14 PM
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 Tax (VAT).
1. Via the Government of The Bahamas Online Tax Administration System
For convenience, your online tax account allows you to seamlessly file and pay business licence fees and VAT online any time. Log-in to your account and pay securely using your debit or credit card. Your Business Licence balance will be credited immediately. Check with your debit or credit card provider for restrictions, terms and conditions.
2. Online Banking
Pay Business Licence fees as you do other bills using your bank’s online banking service. To set up the payee, select Business Licence and ensure that your business licence number/Tax Identification Number (TIN) is carefully entered. Contact your bank for additional instructions.
3. Cash or Cheque at RBC
Pay Business Licence fees in person at any RBC branch by providing your TIN and the amount to be paid. You should specify to the teller that the payment is for Business Licence and not Value Added Tax (VAT).
The addition of the business licence section to OTAS creates a convenient online experience for business owners and taxpayers. OTAS users can easily complete business licence and VAT registrations in one online environment, any place and anytime with internet access.
The Department of Inland Revenue (CRA) is now located at the rear of the Shops at Carmichael Plaza, Carmichael Road.
For further information, email email@example.com or call toll free at (242) 225-7280 or (242) 461-8050.
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