Other Fee Increases
In addition to the increases that I have just outlined, the new revenue measure package also includes increased fees for Apostilles. The fee for Apostilles was last adjusted in 2001 and the Government proposes to increase this from $50 to $100, thereby achieving $0.3 million of additional revenue. Increases to the fee charged at present for obtaining certificates for naturalisation and proof of nationality are expected to generate $0.3 million of additional revenue during 2006/7.
Madam Speaker, it is important that I emphasize the following points in respect of the proposed new revenue measures:
- The revenue measures do not take effect until 1st July 2006 – the start of the upcoming financial year;
- In many instances whilst the legislative changes required to effect such revenue measures will be in place by 1st July 2006, many of the enhanced revenue sources will crystallise on 1st January 2007;
- A detailed schedule of the proposed revenue measures is on hand and will be made available to Honourable Members;
- The sole purpose of the revenue measures is to assist the Government in carrying out the important and necessary Capital Expenditure programme required in the Islands; and
- Many of the significant proposed revenue measures were recommended by private sector associations.