New vehicle dealership licencing structure for 2024

The Government will apply a new system to tabulate the fee for business people categorised as vehicle dealers. The licence will be calculated on the number of vehicles imported, and not an annual fee.

“Vehicle dealership licence fee will be amended as follows: $10,000 per year or $1,000 per vehicle,” Finance Minister Dennis Cornwall told a sitting of the Lower House on Monday, 4 December 2023.

“The problem that this policy seeks to address is the disparity in treatment between the licenced dealers and non-licenced dealers, as well as addressing the concern where a small, licenced dealer will be required to pay $10,000 per year, if he imports 2 vehicles compared to a large dealer requiring to pay the same amount for 40 vehicles per year,” he said, justifying the new format.

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