The following is a brief outline of some of the different areas where Vanuatu generates income (or not) through ‘indirect taxes’.
- Airport Tax – All international departing passengers and domestic travellers pay departure tax, which is included in air ticket fares.
- Banking License – further details are available on request. Interactive Gaming Act – 2.5% to the Government Revenue Fund.
- Business License Fees – There are different categories for licenses and fees vary depending on the type of license and are based on turnover, subject to a minimum fee. Note: Foreign investors must first obtain Vanuatu Investment Promotion Authority (VIPA) approval
- Capital Gains tax – none The Casino Control Act levies a 15% gaming tax on net turnover plus VAT is charged at the rate of 12.5% on gross casino profit. Estate or Death duties – none Income Tax (corporate or personal) – none Import Duty – The rates vary depending of the type of goods being imported and can range from 5% to 60%, but are generally 20% or 25%.
- Insurance Licenses – further details are available on request.
- Motor Vehicles – Road vehicle licenses are approximately Vt5,000 depending on the engine capacity and/or payload. The Government has prohibited the import of right hand drive vehicles into the country.
- Property Tax – All land in Vanuatu is leasehold. Registration fees of 5% are payable for the first registration of a land lease and on each transfer thereafter. Note: 2% stamp duty is also applicable and a Custom owner consent fee may be applicable.
- Rent Tax – Rent tax is payable on any income derived from rents received from tenants in residential properties. This amount is calculated at 12.5% of all rents received.
- Value Added Tax Act (VAT) – VAT is charged at 15% on the value of almost all goods and services supplied by a VAT registered person. All businesses with a turnover of more than Vt4,000,000 per annum are required to register and file monthly or quarterly returns, as prescribed.