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Bahamas - Apply for Tax Compliance Certificate


Procedure

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  1. To apply for Tax Compliance Certificate (TCC), the applicant must visit the official website of the Department of Inland Revenue. Link to Website
  2. Download the application form A1 to apply for TCC Link to Application Form
  3. Fill in required details in the form and click on the “E-mail” button to mail it to the revenue department.
  4. Wait for the e-mail response for your application.
  5. Before the department can issue a TCC, several agencies are contacted to ensure that the taxpayer is current with all its obligations to the government:
    • Business Licence Unit
    • Customs
    • Immigration
    • National Insurance
    • Real Property Tax
    • Road Traffic
    • Value Added Tax (VAT)
  6. Once approved, the TCC will be sent to your e-mail id for download or you may choose to pick it from the office.


Note: All applications must be submitted online.



Required Documents

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List down the documents required for successfully completing the procedure.
e.g.
1. Proof of child birth from the Hospital.






Office Locations & Contacts

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Address
The Department of Inland RevenueShops at Carmichael Plaza,
Carmichael RoadP.O. Box N-13
Nassau, Bahamas.
Email:taxinquiries@bahamas.gov.bs
taxreform@bahamas.gov.bs
Website: Link
Contact Link



Eligibility

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Businesses should note that the TCC will be issued only to taxpayers who are compliant with their tax obligations to the government.



Fees

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Explain the fees structure which is required for obtaining the certificate/document.




Validity

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The certificate will be valid for a period of six (6) months.



Documents to Use

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Application Form
Link




Sample Documents

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Sample Certificate
Link



Processing Time

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Please explain processing time taken in obtaining the document/certificate.




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Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.





Instructions

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The certificate is required for individuals who:

  • Wish to do business with the government or a public body,
  • Wish to collect monies for services rendered to the government  or a public body
  • Wish to register ownership or change ownership of a taxable good;
  • Receive allowances under the provisions of legislation (i.e. churches, schools, etc).




Required Information

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  • Category
  • Applicant Name
  • Company Details
  • Address
  • Reason for requesting certificate
  • Applicant’s signature





Need for the Document

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A Tax Compliance Certificate (TCC) is necessary when doing business with the Government of The Bahamas and has been in effect since July 1, 2015.



Information which might help

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The Financial Administration and Audit (Amendment) Act 2015 part IIB lays out the legal basis for the provision of the TCC. Link to Act



Other uses of the Document/Certificate

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Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.





External Links

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Others

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The public should be aware that a Tax Compliance Certificate will not limit the execution of audits and will not rule out taxes that are owed to the Government.




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