New Fees Applicable From 1 October 2005

The Financial Services Board is listed as a public entity, Schedule 3A to the Public Finance Management Act, 1999 (PFMA).  Government departments are generally not liable to register for VAT and it is for this reason that the Minister of Finance extended the list of “public authorities” to include all public entities listed under Schedule 3A and 3C.  The Financial Services Board was therefore de-registered for VAT purposes.

All fees and levies published in the Gazette are inclusive of VAT.  Since the FSB is no longer a VAT vendor the fees and levies paid over to the FSB will be reduced with the VAT amount. 
We have begun with a process to change to Gazette and will as soon as possible issue a new fee schedule that will exclude VAT.