New fee schedule
fee schedule for Government services dominating the bundle.
If passed, the Government Fees Amendment Regulations 2000 will mean that from April 1st, the cost of doing business with government will go up across the board.
And a bill to formalise Government's intent to tax exempted company's payroll the same as is done for local companies was tabled.
Buying passports, vehicle examinations, commercial fishing licences, customs searches and supervision of arriving aircraft and ships, and a myriad of other services will be changed.
Also tabled yesterday is the Government Fees (Trade Marks and Service Marks) Amendment Regulations 2000 which would change how much it costs to get a trademark.
Both bills were tabled by Minister of Finance Eugene Cox , who also handled the Payroll Tax Amendment and the Payroll Tax Rates Amendment acts.
These bills will allow the redefinition of the charges for the payroll of exempted companies instead of allowing them the option of reporting an assumed figure.
There will still be a maximum payment on an individual's pay of $250,000.
The Companies Act 1981 (Fifth Schedule) Amendment Order adjusts fees charged to exempted companies up five percent, a change which occurs every two years.
Also tabled was the Overseas Partnerships Amendment increasing the penalty from $300 to $315 for failing to comply with the act.
The penalty for failing to pay the annual exempted company fee will also be increased $15 to $315 as set out in the Exempted Partnerships Amendment which also sets out the cost of getting an exempted company operating.
Lastly Telecommunications Minister Renee Webb has tabled the Telecommunications (Bermuda Land Development Company) Exemption Order which will grant the Bermuda Land Development Company the power to operate without a licence.
