Rates & Fees

Capital Allowances
Electrical
Hotel
Income Tax Rates, Thresholds and Exemptions (2003 – 2020) 
Income Tax – Withholding Tax on local payments
Income Tax – Withholding Tax on payments to non-residents
Island Traffic Authority Fees
Motor Vehicle & Driver’s Licence
Police Fees
Spirit
Stamp Duty Rates
Traders and Hawkers

Traders or Business Licences (Effective April 1, 2015)
‹GCT - history of standard rates

 

Electrical Related Fees

ELECTRICAL RELATED SERVICE

FEES

Electrical lighting law (oral exams)

$500

Electrical Lighting Law (issue and renewal of licence)

$500

Electrical Lighting Law -penalty for non-renewal five (5) years and over

$3,000

Electrical law

Varies

Electrical inspection fees (light etc.)

Varies

Special Electrical Inspection Fee

Varies

Approval of Drawings/Designs

Varies

Electrical lighting law (exam fees)

Varies



Hotel Related Fees

HOTEL FEES

Hotel Licence Duty

varies with # of rooms & category

Hotel Spirit Licence

$6,000.00

Special Hotel Spirit Licence

$10,000.00

 

 


 

Island Traffic Authority Fees

DESCRIPTION FEES
GARAG/EST VISIT (UP 10 VEH) $15,000.00
GARAG/EST VISIT (EACH ADD VEH) $500.00
SPECIAL PERMITS PROCESSING FEE $2,500.00
DRIVING HISTORY & SUB LIC $3000.00
ENGRAVEMENT $10,000.00
VER YEAR OF MANUFACTURE $12,000.00
CUSTOMS VERIFICATION $7,000.00
CHASSIS VERIFICATION $7,000.00
STRUCTURAL VER (INTEGRITY) $20,000.00
STRUCTURAL VER (SAFETY) $7,000.00
VALUATION REPORT $3,000.00
INSURANCE REQUESTS $7,000.00

 

Motor Vehicle & Driver’s Licence Related Fees

DESCRIPTION

FEES

MOTOR VEHICLE LICENCE FEES

Taxis

Motor Cars (taxis)

12 months                                        $9,240.00

 6 months                                         $4,620.00

Motor Cars

Motor Cars (not exceeding 1199cc)

12 months                                        $9,240.00

 6 months                                         $4,620.00

Motor Cars (exceeding 1199cc but not exceeding 2999cc)

12 months                                        $12,600.00

 6 months                                         $6,300.00

Motor Cars (exceeding 2999cc but not exceeding 3999cc)

12 months                                        $28,800.00

 6  months                                        $14,400.00

Motor Cars (exceeding 3999cc)

12 months                                        $43,650.00

 6 months                                       $21,825.00       

Electric Motor Cars

$9, 240.00

Motor Cycles

Motor Cycles (not exceeding 125cc)

$3,690.00

Motor Cycles (exceeding 125cc but not exceeding 500cc)

$5,580.00

Motor Cycles (exceeding 500cc)

$8,550.00

Truck and Tractors (petrol/diesel)

Trucks and Tractors (not exceeding 60 cwt./3048.138 kg)

$12,600.00

Trucks and Tractors (exceeding 60 cwt./3048.138 kg) but not exceeding 120 cwt./6109.09 kg)

$21,600.00

Trucks and Tractors (exceeding 120 cwt./6109.09 kg)

$21,600.00

plus $120 per 50.91 kg(1cwt)

Trailers

Trailers (per cwt./50.91 kgs)

 

 

 

 

0 – 20 cwt.

20

$4,050.00

20 cwt. – 30 cwt.

30

$6,075.60

30 cwt. – 40 cwt.

40

$8,100.00

40 cwt. – 50 cwt.

50

$10,125.60

50 cwt. – 60 cwt.

60

$12,150.00

60 cwt. – 75 cwt.

75

$15,187.20

75 cwt. – 120 cwt.

120

$24,300.00

120 cwt. and over

121

$24,502.80

LICENCE PLATES FEES

PP and CC Plates

$2,700.00

Motor Cycle Plates

$2,250.00

Private Plates

$2,700.00

Trailers (private)

$2,700.00

Substitute Motor Car Plates (private)

$4,500.00

Substitute Motor Cycle Plates & Trailers

$4,500.00

Substitute PP/CC Plates

$4,500.00

Demonstration Plates

$9,000.00

Personalised Plates

$36,000.00

Application for Renewal of Demonstration Plate

Cars $1,200.00

Trucks 2,400.00

Demonstration Plate Replaced

$9,000.00

DRIVER’S LICENCE FEES

Private Driver’s Licence

$5,400.00

General Driver’s Licence

$7,200.00

Motor Cycle Driver’s Licence

$4,140.00

Provisional Driver’s Licence (Learner’s) for one year

$1,800.00

Substitute Driver’s Licence

$4,140.00

CERTIFICATE OF FITNESS FEES

Motor Vehicle Certificate of Fitness Fee

(Private/Car)

$4,500.00

Motor Cycle Fitness Fee

$4,500.00

Trailer and Tractor Fitness Fee

$5,400.00

Motor Vehicle Certificate of Fitness Fee PPV

(L-Form)

$3,240.00

Motor Vehicle Certificate of Fitness Fee – M/V defects were remedied

$6,300.00

Motor Vehicle Certificate of Fitness Fee – PP & CC

$5,400.00

MOTOR VEHICLE TITLE FEES

Application for Motor Vehicle Title

$1,620.00

Application for Motor Vehicle Title (Substitute)

$1,800.00

OTHER MOTOR VEHICLE RELATED FEES

Driver’s Licence Examination Fee

$3,240.00

Motor Vehicle Transfer Fee

$900.00

Substitute Registration Certificate/Replacement Disc Fee

$900.00

Motor Vehicle Licence Duty (Fee)

varies according to c.c  rates & cwt.

Motor Vehicle Second Sales /GCT

Cars:

0 – 1999 cc

2000 cc – 2999 cc

3000 cc – up

Trucks & Buses:

0 – 30

31 – 60

61 - Up

 

 

$12,000

$18,000

$24,000

 

$12,000

$12,000

$18,000

Motor Vehicle arrears

Varies with period of arrears

Lien Information Form

$6.00

Traffic Ticket Collections

varies according to breaches

Police Fees

 

FEES

Police Record – Regular (21 days)

$3,000.00

Police Record – Express (5 days)

$6,000.00

Police Record – Next Day Service (Duke Street Only) (1 day)

$8,000.00

Expungement of Crminal Records

$3,000.00

Taking of Fingerprints for Overseas Use

$1,500.00

Motor Vehicle Accident Reports

$3,000.00

Driving Record Reports

$3,000.00

Abstract Reports - Insurance assessments re fire, theft, damage to property, death/injury claims, crime related property losses

$2,500.00

Reports for lost/stolen documents – Passports, Driver’s Licence, Motor Vehicle Documents, etc.

$2,500.00

Abstract M/V Receipts etc. (Copies)

$500

M/Vehicle Reconstruction Reports

$10,000.00

Forensic Document Examination - Legal documents (3 weeks)

$20,000.00

 

Spirit Related Fees

SPIRITS/LIQUEUR LICENCES

FEES

Plus additional $40 for Court Cost

Beer Garden

$1,000.00

Town Off Spirit  Licence(Supermarket)

$5,000.00

Town Tavern Licence

$5,000.00

Wholesale Spirit Licence

$15,000.00

Hotel Spirit Licence

$6,000.00

Special Hotel Spirit Licence

$10,000.00

Occasional Spirit Licence

$1,200.00

Village Tavern Licence

$1,500.00

Spirituous Compound Manufacture Excise Licence

$2,000.00

Spirituous Compound Manufacture (Consumption)

$5,000.00

 

Stamp Duty Related Rates and Fees

DESCRIPTION

STAMP DUTY RATES

SUBMISSION TIME *

PENALTY FOR LATE PAYMENT

Articles of Incorporation

$500.00

30 days

100% of Stamp Duty

Airway Bill

$10.00

30 days

100% of Stamp Duty

Application to Register Land

1/3 of Stamp Duty

When there is a disposal Transfer Tax is applicable

30 days

100% of Stamp Duty & Transfer Tax if applicable.

*rate based on document date

Bill of Exchange

Consideration above or equal to $500,000 = Stamp Duty of $5,000

Consideration below or equal to $499,999 = Stamp Duty of $100

7 days

Not valid after 7 days

Bill of Sale (Consumer)

$500.00

30 days

100% of Stamp Duty

Bill of Sale (mortgage other than real property)

Consideration above or equal to $500,000 = Stamp Duty of $5,000 + surcharge (1/4 of Stamp Duty)

Consideration below or equal to $499,999 = Stamp Duty of $100 + surcharge (1/4 of Stamp Duty)

30 days

100% of Stamp Duty (surcharge not included)

Bond (performance, warehouse etc.)

Consideration above or equal to $500,000 = Stamp Duty of $5,000

Consideration below or equal to $499,999 = Stamp Duty of $100

30 days

100% of Stamp

Raffle Bonds (Bingo Bonds)

$0.10 for every $0.02c of Ticket cost

30 days

100% of Stamp Duty

Change of Tenancy 

$500.00

(When property is being transferred in unequal value Transfer Tax is applied on difference)

30 days

 

100% of Stamp Duty

Co-Partnerships

$1,000.00

30 days

100% of Stamp Duty

Copy Documents

$10.00

30 days

100% of Stamp Duty

 

Debenture

Consideration above or equal to $500,000 = Stamp Duty of $5,000 + surcharge (1/4 of Stamp Duty)

Consideration below or equal to $499,999 = Stamp Duty of $100 + surcharge (1/4 of Stamp Duty)

30 days

100% Stamp Duty

Deed (not otherwise charged)

$500 if one person signs

$20 if two persons’ sign

 

30 days

100% Stamp Duty

Deed Poll $500 30 days 100% Stamp Duty

Discharge of Mortgage

Consideration above or equal to $500,000 = Stamp Duty of $5,000 + surcharge (1/4 of Stamp Duty

Consideration below or equal to $499,999 = Stamp Duty of $100 + surcharge (1/4 of Stamp Duty

30 days

100% of Stamp Duty (surcharge not included)

Hire Purchase Agreement $20 30 days 100 % of Stamp Duty

Loan Agreement

$10.00 (without Seal)

$20.00 (with Seal)

30 days

30 days

100 % of Stamp Duty

100 % of Stamp Duty

Minister's Licence $4000 None None

Mortgage (land)

Consideration above or equal to $500,000 = Stamp Duty of $5,000 + surcharge (1/4 of Stamp Duty

Consideration below or equal to $499,999 = Stamp Duty of $100 + surcharge (1/4 of Stamp Duty

30 days

100% of Stamp Duty

Partial Discharge

$10.00

30 days

100% of Stamp Duty

Partnership $1000 30 days 100% of Stamp Duty

Policies (life-individual)

*Risk Policies not otherwise charge $200.00

*Group Life

$200.00

Consideration above or equal to $500,000 = Stamp Duty of $5,000

Consideration below or equal to $499,999 = Stamp Duty of $100

30 days

100% of Stamp Duty

Power of Attorney $500 30 days 100% of Stamp Duty

Promissory Note

 

Consideration above or equal to $500,000 = Stamp Duty of $5,000

Consideration below or equal to $499,999 = Stamp Duty of $100

7 days

Not valid after 7 days

Promissory Note

(Demand Note)

$1.00

7 days

Not valid after 7 days

Receipts

Less than $100.00 - $1.00; $100.00 and upwards $2.00

 

30 days

100% of Stamp Duty

Refinancing of a Mortgage

Flat rate of $100 for loans not higher than the original amounts secured.

When the loan is in excess of the original secured amount

Stamp Duty of $5,000 + surcharge or $100 + surcharge is charged on the difference.

30 days

100% of Stamp Duty

Release and Discharge (in full and final settlement)

$500 if one person signs

$20 if two persons’ sign

30 days

100% Stamp Duty

Rent/Lease Agreements

For the first $1,000 : $20 is applied, then

Stamp Duty of $5,000 for a consideration above or equal to $500,000 or Stamp Duty of $100 for a consideration below or equal to $499,999

 30 days

100% of Stamp Duty

Rent/Lease (equipment)

$250.00

30 days

100% of Stamp Duty

Agreement for Sale / Transfer (Conveyance/Indenture)

Consideration above or equal to $500,000 = Stamp Duty of $5,000

Consideration below or equal to $499,999 = Stamp Duty of $100)

Transfer Tax 2% of market value

30 days

100% of Stamp Duty & Transfer Tax

Share Certificate

Less than $100.00 = $1.00

$100.00 and upwards = $5.00

30 days


100% of Stamp Duty

Statement of increase in share capital

$500.00 (fixed) plus

Consideration above or equal to $500,000 = Stamp Duty of $5,000

Consideration below or equal to $499,999 = Stamp Duty of $100

30 days

10% per month

Trademark Assignment

Consideration above or equal to $500,000 = Stamp Duty of $5,000

Consideration below or equal to $499,999 = Stamp Duty of $100)

   

* SUBMISSION TIME is from the date of document

 

 

 

Traders and Hawkers Related Fees

TRADERS & HAWKERS

FEES

Town Retail Licence

$3,500.00

Village Retail Licence

$1,000.00

Warehouse Licence(SCT/GCT)

$3,500.00

Tobacco Manufacturers Licence

Outdated

Retail Trade Licence *

Varies

Wholesale Trade Licence

$1,000

Hawkers &PedlersLicence A

$2.00

Hawkers &PedlersLicence B

$10.00

* Retail Trade Licence (currently being changed)

 

Grade 1

≤ 5,000 = $20.00

Grade 2

> 5,000 ≥ 15,000 = $50.00

Grade 3

>15,000 ≥ 30,000 = $100

Grade 4

>30,000 ≥ 50,000 = $300

Grade 5

>50,000 ≥ 100,000 = $1,000

Grade 6

>100,000 ≥ 500,000 = $2,500

Grade 7

> 500,000 = $5,000

 

Trade or Business Licences (Effective April 1, 2015)

BUSINESS/TRADER

CLASSIFICATION

FEES

Merchant, General Factor, Wholesale Dealer

For each designated place of business with liberty to store in and deliver out of public and other warehouses

$5,000

Auctioneer or Commission Agent

For each person carrying on business and shall include one designated place of business

$5,000

Wharfinger

For each wharf

$5,000

Super-cargo

For each person carrying on a business

$5,000

Proprietor of

Newspaper

For each designated newspaper –

(i) Daily

(ii) Other than daily

 

 

$5,000

$1,000

Retailer

For each designated place of business

 

Grade I

Retailers whose annual turnover does not exceed $500,000.00.

$2,500

Grade II

Retailers whose annual turnover exceeds $500,000.00 but does not exceed $1,000,000.00.

$5,000

Grade III

 

Retailers whose annual turnover exceeds $1,000,000.00 but does not exceed $2,500,000.00.

$10,000

Grade IV

Retailers whose annual turnover exceeds $2,500,000.00 but does not exceed $5,000,000.00.

$15,000

Grade V

Retailers whose annual turnover exceeds $5,000,000.00 but does not exceed $10,000,000.00.

$25,000

Grade VI

Retailers whose annual turnover exceeds $10,000,000.00 but does not exceed $15,000,000.00.

$35,000

Grade VII

Retailers whose annual turnover exceeds $15,000,000.00 but does not exceed $25,000,000.00.

$45,000

Grade VIII

Retailers whose annual turnover exceeds $25,000,000.00 but does not exceed $50,000,000.00.

$55,000

Grade IX

Retailers whose annual turnover exceeds $50,000,000.00 but does not exceed $100,000,000.00.

$65,000

Grade X

Retailers whose annual turnover exceeds $100,000,000.00.

$75,000