BEGINS

INLAND REVENUE DEPARTMENT INTRODUCES AUTOMATED MONTHLY REMITTANCE FORMS

Providenciales, Turks and Caicos Islands, 9 July 2026 — The Inland Revenue Department (IRD) in the Ministry of Finance, Investment & Trade is pleased to announce and advise the business community and the wider public of the introduction of an automated system for the issuance of monthly remittance forms and payment reminders to taxpayers.

As part of the initial pilot implementation, the first automated issuance of remittance forms took place on Wednesday, July 8, 2026. Thereafter, beginning August 1, 2026, remittance forms will be generated and emailed automatically to taxpayers on the 1st day of each month.

This initiative forms part of the Department's ongoing commitment to improving service delivery, enhancing efficiency, and providing taxpayers with timely and reliable access to their monthly tax obligations. Taxpayers will no longer be required to request remittance forms by email. This practice will be discontinued with the introduction of the automated distribution system.

To assist taxpayers in meeting their filing and payment obligations, the following automated reminder emails will also be issued:

First Reminder

On the 10th of each month:

• Domestic Financial Services Sales Tax
• Insurance Premium Sales Tax
  
  On the 14th of each month:
• Hotel, Restaurant and Tourism Tax
• Vehicle Hire Stamp Duty
• Telecommunication Tax
  
  Final Reminder
  
  On the 13th of each month:
• Domestic Financial Services Sales Tax
• Insurance Premium Sales Tax
  
  On the 19th of each month:
• Hotel, Restaurant and Tourism Tax
• Vehicle Hire Stamp Duty
• Telecommunication Tax
  
  Important Notice for Taxpayers
  
  If you have not received your remittance form today, please contact the Inland Revenue Department immediately at:  This email address is being protected from spambots. You need JavaScript enabled to view it.
  
  Failure to receive a remittance form may indicate that the email address recorded in the SIGTAS system is missing, incomplete, or no longer valid. Taxpayers are encouraged to notify the Department promptly so their contact information can be updated. Maintaining accurate contact information will ensure the timely receipt of future remittance forms and reminder notifications.
  
  If you believe that you have received a remittance form in error, please also reach out to the Department. 
  
  The Inland Revenue Department appreciates the continued cooperation of taxpayers as we implement this enhancement to our services. We remain committed to modernizing our processes and improving the overall taxpayer experience through efficient, technology-driven solutions.

For additional information, please visit the Inland Revenue Department’s website www.gov.tc/revenue. You can also contact the Department’s offices in Providenciales on (649) 338-5234 and Grand Turk on (649) 338-2061, or the District Commissioner’s Offices in the Family Islands.

 END 

 BUSINESS LICENCE RENEWAL PERIOD 2026

Providenciales, Turks and Caicos Islands – Wednesday, 18^th March 2026: The Inland Revenue Department (IRD), under the Ministry of Finance, Economic Development, Investment, and Trade, wishes to advise the business community and the general public that the renewal period for Business Licences for the Financial Year 2026/2027 will commence on April 1, 2026, and end on April 30, 2026.

Businesses are strongly encouraged to submit their renewal applications and payments within this period. Please note that no extensions will be granted beyond the April 30, 2026 deadline.

In accordance with the newly implemented Business Licensing Act 2026, the following measures will apply to licences that are not renewed within the prescribed period:

• Any Business Licence not renewed on or before April 30, 2026 will be automatically suspended effective May 1, 2026.
• Suspended licences will enter a one-month reinstatement period from May 1 to May 31, 2026, during which time the licence holder may apply for reinstatement and complete the renewal process.
• If the licence is not reinstated by May 31, 2026, the Business Licence will be cancelled.

To facilitate a smooth renewal process, customers are reminded of the following requirements:

• Registered companies must submit copies of their Director Register, Members/Shareholders Register, Beneficial Owner Register, and evidence of Good Standing from the Financial Services Commission (FSC) at the time of renewal.
• Sole traders and partnerships are required to submit a valid Business Name Registration Certificate issued by the FSC.

Please be advised that the list of certifications required for renewal has been revised. Only hotels and other short-term rental providers are required to submit proof of Accommodation Licensing along with their FSC Registration. Additionally, Tourism Service Providers must obtain and display a valid Tourism Licence issued by the Tourism Regulation Authority.

The Inland Revenue Department encourages all businesses to prepare the required documentation ahead of the renewal period to ensure timely processing and compliance with the new requirements.

For additional information, persons may visit the Inland Revenue Department’s website at https://www.gov.tc/revenue/ or contact the Department’s offices in Providenciales 338-5234 and Grand Turk 338-2069, or the District Commissioner’s Offices in the Family Islands.

ENDS

Providenciales, Turks and Caicos Islands – Friday, 6^th March 2026:

The Inland Revenue Department (IRD) has opened a Public Consultation from March 6 – March 20^th 2026 as part of the Government’s Business Licensing Reform, which aims to:

 ✅ Strengthen the Turks and Caicos Islands economy

✅ Expand opportunities for Turks and Caicos Islanders to own and grow businesses

✅ Create a clear and transparent system for classifying business activities

✅ Maintain an open and competitive investment environment

Under the proposed framework, business activities will be grouped into four categories:

🔹 Exclusive – Reserved entirely for Turks and Caicos Islanders to support local entrepreneurship.

🔹 Reserved – Requires at least 60% Islander ownership, encouraging partnerships between Islanders and foreign investors.

🔹 Restricted – Includes industries of national importance (such as energy, hospitals, water treatment, pharmaceuticals, and gaming) that require Cabinet review and additional approvals.

 🔹 General – No ownership restrictions; designed to keep the country open to investment and support business innovation.

The reform also includes measures to support Islander entrepreneurs, including business training, financing support, and stronger transparency rules.

View the full list of proposed categories and fees: www.gov.tc/publications

Join the conversation!

The public and business community are invited to attend the Honorable Premier’s Town Hall Meeting:

Date: Tuesday, March 10, 2026

Time: 6:30 PM

Location: Gustarvus Lightbourne Sports Complex, Providenciales 

You can also submit feedback by email: This email address is being protected from spambots. You need JavaScript enabled to view it.

For more information, visit:  www.gov.tc/revenue

Your feedback will help shape the future of business in the Turks and Caicos Islands.

ENDS