Department of Inland Revenue

Company:
Department of Inland Revenue
Address:
Shops at Carmichael Plaza, Carmichael Road
Town:
Nassau
Island:
Nassau / Paradise Island, Bahamas
Area:
Carmichael
Phone
242-604-8072
Phone 2:
242-461-8050
Phone 3:
242-225-7280
Website:
www.inlandrevenue.finance.gov.bs/
Social Networks:
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Opening Hours

Monday 9:00 am - 5:00 pm
Tuesday 9:00 am - 5:00 pm
Wednesday 9:00 am - 5:00 pm
Thursday 9:00 am - 5:00 pm
Friday 9:00 am - 5:00 pm
Saturday -- closed --
Sunday -- closed --

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Department of Inland Revenue

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Description

Central Revenue Administration. The mission is: To educate the Bahamian public on the efforts of the Value Added Tax Implementation Unit, and the overall taxation reforms taking place in the Ministry of Finance, Nassau, Bahamas.
Department Reiterates Differences Between VAT & TIN Certificates:
The Department of Inland Revenue wishes to remind taxpayers about the difference between Value Added Tax (VAT) Certificates and Tax Identification Number (TIN) Certificates.

A VAT Certificate allows registrants to charge and collect VAT as well as receive refunds where the amount of input VAT has exceeded the amount of output VAT. VAT Certificates also bears the Form Number 18 on the upper right hand corner and has the VAT logo watermark embedded in the center of the form.

A TIN Certificate does not allow a registrant to charge and collect VAT. Any person or business that wishes to carry out business with the government requires a TIN Certificate. TIN Certificates bears the Form Number 18 A on the upper right hand corner along with the coat of arms as a watermark in the center of the form.

By paying attention to these details, you can help the Department of Inland Revenue prevent fraud.

Certified Statement Of Turnover For Business Licences
The Department of Inland Revenue reminds the public that Business Licence Regulation No 5 was amended in July 2015. The regulation states that, Where a business has a turnover of one hundred thousand dollars per annum or more, submitted financial results should be accompanied by a statement as to the turnover of the business certified by a person who is qualified in accounting and who has no interest in the business to which the certificate relates.
To avoid processing delays, businesses falling in this category should ensure that certifications accompany their 2016 business licence renewal application.
For more information, visit our website at http://inlandrevenue.finance.gov.bs, email taxinquiries@bahamas.gov.bs or contact the Department of Inland Revenue toll free at (242) 225-7280 or (242) 461-8050.

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