The Inland Revenue Department (IRD) in the Ministry of Finance, Investment & Trade wishes to inform the business community that the moratorium on the issuance of new Contractor’s licenses commenced on March 21, 2025. This moratorium will remain in effect until September 21, 2025, to allow for a thorough review and assessment of the contractor’s...

The Inland Revenue Department (IRD) within the Ministry of Finance, Investment & Trade wishes to advise the business community and the general public, that business licenses for the financial year (FY) 2024/2025 will expire on 31st March, 2025. The Department will only be facilitating manual applications for renewals due to technical challenges...

The Ministry of Finance, Investment & Trade hereby recirculates the Real Estate (Brokers & Salesmen) Licensing Ordinance 2004 (hereinafter the Ordinance). It should be noted that this Ordinance came into force on 26th October, 2004. The purpose of the Ordinance is to regulate and make provision for the licensing of Real Estate Brokers and...

The Inland Revenue Department (IRD) in the Ministry of Finance, Investment & Trade hereby advises the business community and the wider public, that business licenses for the financial year (FY) 2022/2023 will expire on 31st March, 2023. To assist with expediting the renewal process, Customers are urged to take note of the following: Registered...

The Inland Revenue Department (“IRD”) hereby advises the business community and the wider public of the amendments made to Schedule 2 of the Business Licensing Regulations in 2014 and 2015 which provides for the classification of business activities and the corresponding fee schedule. As the IRD continues to carry out its reclassifications...