| When should a person register their small business with IRD? |
 | You should register your business within one year of commencement of business. However if the business has a service area which attracts GCT, then the business should be registered as soon as its doors are open to the public. |
| Who should be registered? |
| Every person liable or about to become liable for the payment of tax under the various Acts shall register with the Comptroller and provide such information to the Comptroller as may be required by him to give effect to such registration. |
| What is a TIN and why is it necessary? |
| TIN refers to a Tax Identification Number.
Your TIN is unique, and your registration is a one-off process. If you are presently paying another tax type such as Income Tax, Property Tax or General Consumption Tax (GCT) then you should already have a TIN. Ensure that Inland Revenue has your proper address and contact information. Only the Inland Revenue Division can issue your TIN.
Reasons why you should have a TIN:
- To obtain a Professional Licence (e.g. Contractors & Wiremen).
- For Draftsmen applying for approvals from Physical Planning for Plans.
- To process your application for concession from Inland Revenue.
- You need your TIN to complete your Customs Entry (To clear goods on import).
- To Licence or renew your ’T’ or ’H’ Vehicle Licence.
|
| You can be registered at the Inland Revenue free of charge. Simply download a Registration Form or Speak to our Tax Roll Officer and request/obtain a Registration Form for an Individual, Enterprise or Non-individual Enterprise.
You or the Tax Roll Officer can enter the required information on the Registration Form i.e. Name, Date of Birth and contact information. On submission/completion of the Registration Form to the Tax Roll Officer your TIN will be issued within two days. |
| When a taxpayer changes his/her personal information (e.g. name, address), how is Inland Revenue not |
| You should notify the Division in writing through the Registration Officer of any change in your contact information. Alternatively you can contact the Registration officer at the telephone numbers provided on the Contact us page.
When corresponding with the Revenue Division ensure that your correspondence is legible and has specific references to correct tax account numbers and other particulars such as property identification number where necessary. |
FAQ's 