License Fees Reduced by Fifty Percent!
The United Workers Party (UWP) led government maintained its promise on reducing the fees for licenses after the increase was implemented a year ago under the former administration.
Minister of Transport, Guy Joseph, has announced that the reduction on license fees by fifty percent is set to be effective as of September 1, once all procedures are finalized.
The minister stated, “I am very pleased that my government has been able to keep to that, and we will see the realization of reduction in license fees for all classes of vehicles on the island.”
Joseph went on to indicate that he has signed a number of required documents that apply to the new initiation and is currently awaiting a response from the transport board.
He said, “We had promised a 50 percent reduction on the increase, so for every class of vehicle, if it was increased by $100 then it would be reduced by $50 and in the instances where it was increased by $400 it will be reduced by $200.”
Vehicles weighing less than one ton will now be paying $350 instead of $450. Trucks up to three tons will start paying $450 saving $100. Trucks weighing over five tons will be saving $300 annually in road license fees.
Once approved, the fees will be gazetted to all newspapers and will be on display at Communications and Works. However, the savings are not only on the license; Minister Joseph stated that within the next few weeks there will be more announcements on savings in the health sector, increases in school subsidies and, most importantly, reduction on VAT that the UWP promised months ago.
He’s walking on sunshine!