Regulatory Alerts2018-01-01
Hire Purchase and Credit Sale (Fees) Regulations 2018
The Minister of Finance, Trade and Economic Planning has promulgated regulations specifying the annual licence fees mandated by the Hire Purchase and Credit Sale Act, 2013. The schedule establishes a SCR 25,000 charge for new licence issuance and a SCR 15,000 charge for subsequent renewals. These standardized fees apply to all licensed entities operating under the Act effective February 2018.
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