U.S. dollar vehicle registrations converted at payment

the herald

Herald Reporter

Vehicle registration fees are now set in US dollars converted at the interbank exchange rate on the day of payment for the majority who pay in local currency, with owners of vehicles under 1,500 kg paying $11,200 per installment of four month at yesterday’s exchange rate.

Under Statutory Instrument 156 of 2022, the 25th Amendment to the Vehicle Registration and Licensing Regulations issued by the Minister of Transport and Infrastructure Development Felix Mhona, the old Zimbabwe timetables have been superseded by new ones schedules denominated in US dollars.

However, the amendment clarifies that the charges shown “may be payable in local currency (Zimbabwean dollars) for locally registered vehicles at the prevailing exchange rate of the day”.

The new fees took effect yesterday, the day they were published in the Gazette.

The tables giving the rates now allow periods longer than a single term, with vehicle owners having the choice between: 4 months, 6 months, 8 months, 10 months and 12 months. The rates are identical per month regardless of the desired license duration, without discount or surcharge if longer or shorter durations are chosen.

The move to US dollars follows other changes to government fees, on the same condition that US dollar rates can be converted on the day of payment into local currency at the official rate, which is now set as the interbank rate for all government transactions. This can change every business day. The change means that the official rates will be valid for much longer because inflation adjustments will be much less frequent.

As well as fees for maintaining license cover, the regulations also list fees for first registration and change of ownership, with much higher fees when the change involves changing number plates.

For extended license coverage, the new fees for a four month term are as follows: Up to 1,500 kg $20, 1,501 kg to 2,250 kg $25, 2,251 kg to 3,000 kg $30 , 3001 kg to 3750 kg $60, 3751 kg to 4250 kg $75, 4251 kg to 5000 kg $90, 5001 kg to 5750 kg $100, 5751 kg to 6250 kg $105 , 6,251 kg to 7,000 kg 120 USD, 7,001 kg to 7,750 kg 130 USD, 7,751 kg to 9,25 kg 0 140 USD, 9,251 kg to 10,000 kg 150 USD, 10,001 kg to 10,750 kg 200 USD and 10,751 kg and over 300 USD.

Charges for six months are one and a half times the four month rates, for eight months are twice the four month rates, for 10 months are 2.5 times the four month rates and for one year are three times the rates four months. monthly rates.

The first time registration fee for a vehicle is $80 and for a motorcycle or trailer is $70. Change of ownership with new plates is $95 for one vehicle and $85 for a motorcycle or trailer, but $15 for all vehicles, motorcycles, or trailers if old plates are retained.

Replacement of lost plates is $85, a third duplicate plate is $15. Personalized plaques cost US$1,200. Garage plates or licenses cost US$50 and a temporary ID costs US$35.

Only 3 USD is charged for change of address, change of vehicle details, search fee, cancellation of registration or notice of sale. Change of ownership authorization costs $50, duplicate registration book costs $15, and vehicle registration book costs $50.

About Matthew R. Dailey

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