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Compliance2026-07-12·7 min read
NAR1 & BR Renewal Penalties: How to Save Your Company from High Fines
Detailed review of late-filing fees for NAR1 returns and BR updates, with practical steps to avoid court prosecution.
The Two Elements of Annual Renewal
1. Business Registration (BR) certificate fee payment to IRD. 2. Filing of Annual Return (NAR1) to the Companies Registry within 42 days of corporate anniversary.