From April 1, 2012 to March 31, 2013, the business registration fees have been reduced from $2,450 to $450.

The “Waiver Period” only related to the waiving of registration fees for new certificate or renewal certificate with commencement date in year 2012-13. It does not provide for refund of the 2011-12 registration fee paid.

The business that have already paid the 2012-13 business registration fees or branch registration fees on or before April 1, 2012 and are not required to renew their registration certificates in the year 2012-13 can also benefit from the concession, concessionary refund will be allowed to them.

The beneficiary are: businesses holding 3-year certificates with a commencement date before 1 April 2012 and expiry dates on or after 31 March 2013 will be eligible for application of concessionary refund of 2012-13 registration fee paid.

The Business Registration Office will proportionately refund the amount of business registration fee or branch registration fee paid by reference to the validity period of the certificate held by the business, the number of days in the year 2012-13 and the amount of registration fees paid. The maximum refund amount is $2,000 for a business registration certificate and $73 for a branch registration certificate respectively.