Licence fees that are late are calculated as follows.
Your annual licence fee
A 10% Penalty of the ALF every month that you are late.
A 1/12 adjustment fee of the ALF for every month that you gain. Adjustment months are always one month less than the penalty months.
The R 36.00 RTMC Fee.
So if your car licence was R 100,00 and due at the end of December and you paid it late in March. It would be calculated as follows:-
R 100,00 Annual Licence Fee
R 10,00 penalties x 3 months = R 30.00 (Jan to March)
R 8.33 x 2 months = R 16.66 (Your new disc will expire at the end of February)
R 36,00 RTMC Fees
Total R 182.66
@OP. Those figures don't quite sound right. Either you have got the Annual Fee wrong or there was another amount outstanding on your account.
Last edited by ShaunSA; 18-07-2012 at 12:32 PM.
They adjusted your licence fee by a month and gave you a month less on your licence disc. Generally done if you renew without the renewal notice. Had you waited until your 21 days grace period you would paid the full amount, got your 12 months, and kept your expiry date.
Be glad you guys don't live in KZN! Think we have the highest licence fees in the land
EC is the cheapest I think. That's why Telskum have all their vehicles running around with EC plates.
Heck you even get renewal notices for Driver's Licences these days.
It is more paperwork. Trust me, I am acutely aware of it.
I have never been able to walk into a Post Office with a renewal notice and pay. I have to fill out those damned forms each time and provide certified copies of my ID each time.. and I have to remember and track the renewal dates myself. It makes me so angry.
License for a Quantum is something like 800 bucks without any penalties
I didn't get my license renewal thingy this time around so I'm a little late with my renewal as well... *mutter*