A trader’s licence is a licence that allows traders to conduct trade legally. It is paid annually and expires on the 31st of December each year irrespective of the month it was issued. The payment of a trader’s licence depends on the value of the present stock value. The breakdown is as follows:
Stock valued at less than $1,000.00 - $20.00
Stock valued at more than $1,000.00 - $10,000.00 - $50.00
Stock valued at more than $10,000.00 - $100,000.00 - $100.00
Stock valued at more than $100,000.00 - $1,000,000.00 - $250.00
Stock valued at more than $1,000,000.00 - $1,000.00
A credit voucher will then be issued by a consumer affairs officer based on your present stock value. The credit voucher is paid at the Treasury Department and the treasury receipt is returned to the Department of Trade. Upon receiving the receipt the Department will issue the trader’s licence certificate which must be displayed at all times on the business premises in a conspicuous place, to be seen by a consumer affairs officer upon his or her visit.
Any person who carries on trade without a valid traders licence is guilty of an offence and is liable to:
(a) A fine of two thousand five hundred dollars ($2,500.00) or
(b) The confiscation of his goods on the premises
The deadline for the payment of all traders license is the 31 January of any given year.