Vanuatu

Vanuatu hikes VAT to 15%

January 4th, 2018

The South Pacific island nation of Vanuatu has raised VAT from 12.5% to 15% from 1 January 2018. VAT was introduced in 1998 at 25%, and is administered by the Customs and Revenue Service.  It is modelled on the New Zealand GST regime, which has similarly increased its consumption tax to 15%.


Vanuatu

Vanuatu overhauls VAT administration

July 27th, 2014

The South West Pacific state of Vanuatu has re-organised its Value Added Tax administration. The changes in the Inland Revenue function are designed to help improve the detection of unreported VAT supplies and improve audits. The principle change in administration of registered businesses is a segmentation according to the size of the business and the …