Postal and Telecommunications (Postal Services) (Amendment) Regulations, 2024 (No. 4)
The postal services levy in section 7(2C) and (2D) of the 2001 regulations drops from 2% to 1.5% — postal and courier licensees pay less to the regulator.
The Minister of Information Communication Technology, Postal and Courier Services has cut a percentage in the Postal and Telecommunications (Postal Services) Regulations, 2001. In section 7(2C) and (2D), "two per centum" is replaced with "one point five per centum".
That is the whole instrument. It is a rate change of 0.5 of a percentage point, applied to whatever section 7(2C) and (2D) charges — in practice the contribution licensed postal and courier operators make on the basis set out in that section.
The amending notice does not reproduce the provision it changes, so the base the percentage applies to, and when payment falls due, must be read in S.I. 238 of 2001 itself. Operators calculating what they owe should work from the principal regulations with this substitution made.
No commencement date is stated and no transitional rule is given for amounts already assessed at the old 2% rate.
What changed
- The rate in section 7(2C) and (2D) of the Postal and Telecommunications (Postal Services) Regulations, 2001 falls from 2% to 1.5%
Who this affects
- licensed postal operators including Zimpost
- courier companies licensed by POTRAZ
- POTRAZ as the collecting authority
- finance staff calculating regulatory contributions
Plain-language summary — not legal advice. Always read the full instrument.