Singapore legislation
Regulation 11
of Point-to-Point Passenger Transport Industry Regulations 2020
Regulation 11
Periodic fee for licence, etc.
Subregulation 1
For the purposes of sections 14(2) and 20(2) of the Act, the period for which a licensee must pay to the LTA a periodic fee is any of the following periods falling within the validity of the licensee’s street‑hail service licence or ride‑hail service licence, as the case may be:
the period starting the day the licence is granted and ending on (and including) the last day of the licensee’s financial year within which the day the period starts falls;
every subsequent financial year or part of a financial year of the licensee.
Subregulation 2
For the purposes of sections 14(2) and 20(2) of the Act, the date a licensee must pay to the LTA a periodic fee for a financial year or part of a financial year mentioned in paragraph (1) is —
where an external auditor has, within 6 months after the last date of the financial year in paragraph (1) or part of a financial year in paragraph (1), audited the licensee’s accounts for that financial year or part of a financial year and given the audited accounts to the licensee — any time within one month after the date the audited accounts are so given; (b)where the licence is revoked before the end of the financial year — any time within one month after the last date the licence is in force; or
in any other case — any time within 6 months after the last date of the financial year or part of a financial year, as the case may be.
Subregulation 3
The periodic fee payable by a licensee for a financial year mentioned in paragraph (1) is —
for a licensee granted a street‑hail service licence — 0.3% of the licensee’s gross revenue accruing in that financial year or part of a financial year from the provision of the street‑hail service authorised by that licence; or (b)for a licensee granted a ride‑hail service licence — 0.6% of the licensee’s gross revenue accruing in that financial year or part of a financial year from the provision of the ride‑hail service authorised by that licence.
Subregulation 4
However, where only part of a financial year falls within the validity of the licensee’s street‑hail service licence or ride‑hail service licence, the periodic fee payable for that part of a financial year is an amount of the periodic fee payable for the financial year computed on a pro‑rata basis, based on the proportion that the number of whole months of that part of the financial year bears to that whole financial year.
Subregulation 5
In this regulation, “external auditor”, in relation to a licensee, means —
a company, firm or limited liability partnership approved as an accounting corporation, accounting firm or accounting limited liability partnership, respectively, under the Accountants Act 2004; or
a person, not being an employee of the licensee, who is registered or deemed to be registered as a public accountant under the Accountants Act 2004.