Search results for : CRA
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Department of Inland Revenue
Department of Inland Revenue
Shops at Carmichael Plaza, Carmichael Road
Nassau
Nassau / Paradise Island, Bahamas
CRA will collect 90 of all taxes
March 05, 2013
CRA will collect 90 of all taxes
The creation of a Central Revenue Agency (CRA) will address the "critical structural deficiencies" of the tax system, according to a key government official. In an extensive communication in the House of Assembly yesterday, State Minister of Finance Michael Halkitis provided...
CRA To Issue Tax ID Numbers
February 26, 2013
CRA To Issue Tax ID Numbers
Bahamians could soon be issued a tax identification number after the government establishes a formal Central Revenue Agency (CRA). James Smith, a key advisor to the Christie administration, explained that the CRA will likely not include the creation of a new building or a dramatic increase in staff.
September 22, 2015
Department Increases Enforcement of VAT Penalties and Fines
The Department of Inland Revenue encourages business owners to ensure that their Value Added Tax (VAT) returns are filed and paid on time to avoid facing penalties. The Department is now activating the automatic enforcement of penalties for late returns. Penalties for late filing and late payments are as follows...
August 27, 2015
Department of Inland Revenue Business License Payment Methods
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)...
Tax Compliance Certificate To Be Introduced
August 12, 2015
Tax Compliance Certificate To Be Introduced
The Department of Inland Revenue advises the public of the introduction of a new Tax Compliance Certificate.
The Tax Compliance Certificate will be issued to taxpayers who are current with their tax obligations to the government. These obligations include filing tax returns and paying the assessed taxes.
The certificate is required for individuals who:
Wish to tender for the award of a...
Business License Goes Online
July 29, 2015
Business License Goes Online
Say goodbye to standing in lines and completing Business Licence applications manually. Effective 4th August, 2015 the Business Licence process will be computerized on the Online Tax Administration System (OTAS)...
July 27, 2015
Department of Inland Revenue Introduces Business License Online Registration
The Department of Inland Revenue advises the public of the introduction of its new online application for Business Licence scheduled to go live on August 4th, 2015. The Online Tax Administration System (OTAS) will provide businesses with a simple, user-friendly, online application...
July 23, 2015
Quarterly Taxpayers Filing & Payment Deadline on July 28
The Value Added Tax Department reminds you that your filing of a return and payment on the appropriate Tax Identification Number (TIN) is due by July 28, 2015. Kindly submit your return and payment where applicable before the due date to avoid penalties...
July 20, 2015
Deadline fast approaching for the second VAT filing period for quarterly filers
The Value Added Tax (VAT) Department reminds the public that the deadline is fast approaching for the second VAT filing period for quarterly filers. The deadline for the quarterly filing period for small and medium businesses is July 28th...
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