In a small, but significant ceremony on Monday 19th October 2015, the Director of Customs and Inland Revenue, Mr. Benjamin Malas, and UNCTAD representative, Mr. Renaud Massenet, signed the project document for the deployment of ASYCUDA World in Vanuatu. The signing ceremony was witnessed by the Customs Management team.
The VAT Office is disappointed to see that few Lawyers practicing in Vanuatu with taxable income possibly well above the VAT registration threshold are not registered for VAT purposes.
The VAT Office have completed its background work and have identified these people in the legal practice who drive expensive vehicles, owns assets and some of them have rental and/or own office building in expensive areas in Port Vila and are not registered for Vanuatu’s Value Added Tax.
Prior to the introduction of the new Customs Act no. 7 of 2013, the previous law did not assist Customs to effectively deal with undeclared or surplus goods. Not only does Customs face this difficulty, even those Importers who may not be aware of their surplus goods, but really want them, had to go through hectic processes of getting their goods released.