Starting January 1, liquor license holders must provide tax clearance certificates from the Department of Inland Revenue to renew their licenses. This new policy mandates the submission of up-to-date income tax, VAT, and social security contribution tax returns for the 2023/2024 year.
To ensure renewal, the Inland Revenue Department requires that all taxes, including those for VAT and social security contributions for the quarter ending September 30, be fully settled. Once cleared, the renewed tax certificate will be forwarded directly to the Excise Department.
Additionally, license holders must submit returns for any other registered taxes, and all payments must be up to date before applying for renewal. The Inland Revenue has emphasized the need for clearing any existing arrears to avoid delays in the license renewal process.
