PART III - FINANCIAL PROVISIONS Payments to the Commission. 4.(1) The Commission may from time to time prescribe fees payable in respect of any licence issued or service performed under the Act or these Regulations. (2) Every fee payable to the Commission in connection with applications for licences, frequency spectrum assignments, or any other matter shall be paid in full before the licence is granted or the frequency is assigned by the Commission. (3) Unless otherwise prescribed by the Commission, all licensees shall make yearly payment of the annual operating fees due for the current year by the 1st day of July of each calendar year, but not later than three months after the end of the licensee's financial year. (4) Where any licensee is required to pay fees to the Commission on the basis of information or records in the custody of such licensee, the licensee shall submit a declaration to the Commission in the manner prescribed by the Commission, attesting to the completeness and accuracy of the information upon which such computation of fees is based. (5) Where a licence requires that payment of a licence or an annual operating fee be based on a percentage of a licensee’s gross annual revenues, the base for calculating a licensee’s gross annual revenues shall include(a) payments from subscribers and other users; and (b) the amount billed including uncollected payments from subscribers and other customer accounts. 16