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BUDGET SPEECH 2002

PROGRAMME BASED BUDGETING FOR EFFICIENT RESOURCE ALLOCATION AND USE WITH A POVERTY REDUCTION DIMENSION

APPENDIX

OTHER REVENUE MEASURES FOR 2002

Stamp Duty Rates

Items Current Rates

Proposed Rates For
Year 2002

1. MORTGAGE
Principal Security 1.05% 5%
Further Charge 1.05% 5%
Equitable Mortgage 0.5% 5%

Collateral, auxiliary or Additional security (Every D500 charge)

D10.50 D50.00
2. RELEASES
Release, Reconveyance,Discharges, Indenture or Surrenders (divide amounts by 500 and multiply by 1.25%) -0.25% 0.2505% 5%
3. AGREEMENT
(Without monetary value) D10.50 D100.00
Contract Agreements D10.50 D100.00
Partnership Agreements D10.00 D100.00
Tenancy Agreements 40.05% of amount 20% (reduction to induce compliance)
Power of Attorney D10.00 D100.00
4. BILLS
Bill of Sale 1.05% 5%
Bill of Lading D2.63 D5.00
Bill of Exchange (Convert value into Dalasis and then Divide amount by 125 then multiply by 0.5 bututs) Add 0.5% on to the amount
5.DEEDS
Deed of Gifts D10.50 D50.00
Deed of Pole D10.50 D50.00
Deed of Rectification D10.50 D50.00
Deed of Adoption D10.50 D50.00
6. ASSIGNMENT
Transfer/Assignments 2.05% 5%
7. BONDS

Bonds for indemnity

 

D2.63 D50.00
( Bonds for payment of any sum not exceeding D500)
D10.50
D100.00
Every additional D125.00
D2.63
D50.00
8. MEMORANDUM
Memorandum of Association
D10.50
D100.00
Memorandum of Deposite (without money value)
D10.50
D100.00
Memorandum of Agreement
D10.50
D100.00
Judgement Memorial
D10.50
D100.00
Articles of Association
D10.50
D100.00
Constitution of an Association
D10.50
D100.00
Conveyance without money value
D10.50
D100.00
Affidavit
D10.50
D100.00
Civil Appeal
D10.50
D100.00
Form of Authorization
D10.50
D100.00
Documentary Credit
D10.50
D100.00
9.INSURANCE POLICY

i) If sum insured does not exceed D2,500 (then for every D250)

= D0.63
ii)If the sum exceeds D2500.00 but not D5000.00(then for every D500.00)
= D1.05
iii)If the sum exceeds D5000.00(then for every D5000.00)
= D10.50
iv)Insurance Policy of any kind other than life Insurance Policy
= D1.05

-end.


I. INTRODUCTION
II. THE WORLD ECONOMY
III. THE DOMESTIC ECONOMY
IV. CO-OPERATION AND INTEGRATION
V. OUTTURN OF THE 2001 BUDGET
VI. POVERTY ALLEVIATION AND THE SOCIAL SECTOR STRATEGY
VII. POVERTY REDUCTION THROUGH INCREASED PRODUCTIVITY
VIII. POVERTY REDUCTION THROUGH INFRASTRUCTURAL DEVELOPEMENT
IX. ENVIRONMENTAL ISSUES
X. GOVERNANCE ISSUES
XI. NON-GOVERNMENTAL ORGANISATIONS (NGOs)
XII. PUBLIC ENTERPRISES (PEs)
XIII. FISCAL PROJECTION FOR 2002
XIV. CONCLUSION
APPENDIX