- Published: Friday, 31 July 2015 08:01
The Value Added Tax Office continues to emphasis that it is continuously strengthening its compliance and enforcement across all areas of VAT tasks conducted by our staff as delegated through the Director’s powers under the VAT Act No. 12 of 1998 [CAP 247]. This initiative is directly underpinned and linked with our principle and commitment of having a VAT level playing field for all in Vanuatu.
As in the case with any taxation Act, the VAT Act needs provisions which will enable the Director, through the VAT Office, to enforce the tax. These enforcement provisions take the form of offences against the VAT Act (Section 51(1) and the associated penalties imposed on persons found guilty of these offences under (Section 51(2) to 51(6)).
The VAT Office is taking a responsible and proactive approach to educate all VAT registered persons and others on the various offences outlined in the VAT Act and we will do so by explaining the offences in detail in our next few articles. We have taken this approach and correctly apply the application of these fines and penalties as stipulated under the VAT Act.