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13.8.21

FG introduces new prices for Driver's Licence and Number Plates

 


According to letter dated 30th July, 2021 from the 147th meeting of the Joint Tax Board (JTB) held in Kaduna, Kaduna State on March 25, 2021, the revised rates for driving licence and the sale of vehicle number plates are:

Drivers license for three years duration formerly N6000 is now N10,000 minus bank charges. Drivers licence for five years formerly N10,000 is now N15,000. Motorcycle/tricycle driving licence for three years formerly N3000 is now N5,000 while the one for five years formerly N5,000 is now N8,000.

As for Plate Numbers, private and commercial number plates formerly N12,500 is now N18,750. Fancy number plate formerly N80,000 is now N200,000. Motorcycle number plate formerly N3,000 is now N5,000 while articulated number plates (three plates) formerly N20,000 is now N30,000 from N20,000. Out-of-series number plate formerly N40,000 is now N50,000 while government fancy number plate formerly N15,000 is now N20,000.

The new rates are in line with the recommendations of Appraisal and Technical Committee of the JTB. August 1, 2021 has been approved as the commencement date for the implementation of the new rates.

Read more details at The Cable.




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