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Department of Inland Revenue Business License Payment Methods. December 21st, 2015 (Nassau, Bahamas) -The Department of Inland Revenue reminds the public that the renewal and payment for business licenses can only be done online. All business licenses expire on December 31st, 2015 and applications must be renewed on or before January 31st, 2016 to avoid a late fee. Payment for renewing your business...
Group 1 â current license will expire at midnight, Eastern Time, April 30, 2016. Group 2 â current license will expire at midnight, Eastern Time, July 31, 2016. Group 3 â current license will expire at midnight, Eastern Time, April 30, 2015. The department will renew your license upon receipt of: 1  Completed Renewal application. 2  Required fees (renewal and background screen fees).