Governance
Payee
- Any person who carries on a store business or parlour business
License Due Date
- The fee is due by the 31st of January each year
Fees
- The fees payable depend on the value of the goods on stock
Value of Stock Amount Stock of $10,000 & Lower $100.00 Stock of $10,001 - $100,000 $500.00 Stock of $100,001 - $250,000 $1,000.00 Stock of $250,001 - $500,000 $2,000.00 Stock of $500,001 - $1,000,000 $5,500.00 Exceeding $1,000,000 $5,500.00 + $1,000.00 for each additional $1,000,000 of stock ~Stock of $1,000,001 - $2,000,000 $6,500.00 ~Stock of $2,000,001 - $3,000,000 $7,500.00 ~Stock of $3,000,001 - $4,000,000 $8,500.00 ~Stock of $4,000,001 - $5,000,000 $9,500.00 ~Stock of $5,000,001 - $6,000,000 $10,500.00 ~Stock of $9,000,000 - $10,000,000 $14,500.00
Payments Forms
- Remittance forms are mailed to the taxpayers with the due dates
Penalties
- There is a 10% fee charged on late payment
Offences
- Store Parlour businesses should not be carried out before obtaining a license from the Comptroller. No business shall be carried out in the same premises of any store parlour
Criminal Penalties
- Anyone found gulity of any offence against the Act is liable to a fine of $5000 and (or) six months imprisonment