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Indirect Taxes
VAT - Value Added Tax at the rate of 12.5% was introduced into effect in Vanuatu in August 1998. This tax is similar in nature to the GST (Goods and Services Tax) used in Australia and New Zealand
There is an import tax that is levied on all imports into Vanuatu . The rate of tax varies depending on the imported item and its nature (retail or domestic).
A rent tax of 12.5% is levied on all income derived from rental accommodation.
Stamp duties also apply at the rate of 5% and a transfer fee of 2% is also charged on the transfer of local leasehold land. However if a company holds the lease then the transfers are stamped at 4%. Mortgages, share transfers, promissory notes, powers of attorney and other legal documents are charged at varying rates up to 0.6%. With all International companies being exempted from all stamp duties except if they have an interest in local leasehold land. |
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