| 57. |
As
part of the SARS relief package, the taxi
operator licence fee of $25 per taxi per month
was waived till 31 December 03. LTA has since
reviewed the regulatory requirements. To reduce
the burden on taxi companies to the lowest
possible level, LTA will absorb most of its
regulatory costs rather than pass it on to
taxi companies. Nevertheless, it still needs
to charge taxi companies a small licence fee.
The revised fee will be 0.1% of the taxi company's
annual revenue from taxi operations. This
works out to only about $2.80 per taxi per
month, a small fraction of the original $25
fee. The revised licence fee will take effect
from January 2004. This is a small example
of how we are keeping Government rates and
fees as low as possible. |
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