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Business Licence (Amendment) Act 2005

Commencement: 1 January 2006

REPUBLIC OF VANUATU

BUSINESS LICENCE (AMENDMENT)
ACT NO. 45 OF 2005

Arrangement of Sections

1 Amendment
2 Commencement

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REPUBLIC OF VANUATU

Assent: 30/12/2005
Commencement: 01/01/2006

BUSINESS LICENCE (AMENDMENT)
ACT NO. 45 OF 2005

An Act to amend the Business Licence Act No. 19 of 1998.

Be it enacted by the President and Parliament as follows-

1 Amendment

The Business Licence Act No. 19 of 1998 is amended as set out in the Schedule.

2 Commencement

This Act commences on 01 January 2006.

SCHEDULE

AMENDMENTS OF THE BUSINESS LICENCE ACT NO. 19 OF 1998

1 After section 18A

Insert

“18B Pro-rata payment of business license fee

If a business license is issued to a person after 31^st January of each year, the fee will be paid on a pro- rata basis for each month from the first day of the month on which the business first commenced.

18C Distrain for unpaid fee

(1) The Director may levy distress on goods (other than real property) and chattels and money of a person who is issued a licence under this Act to operate a business, if the person refuses or fails to pay any fee payable in respect of a licence issued under this Act or any other amount recoverable from the person under this Act.

(2) The Director may:

(a) apply money referred to in subsection (1) against the fee payable by the person and any other amount recoverable from the person under this Act; or

(b) provide for the disposal of any such goods or chattels by supply or otherwise to recover the amount of fee payable by the person and any other amount recoverable from the person under this Act including the costs and expenses of the disposal.”

2 Schedule 1 (Category D1)

Delete “10,000 for gross turnover of less than 10 million;

50,000 for gross turnover of 10 million to less than 50 million;

250,000 for gross turnover of 50 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.”

Substitute, “10,000”.

3 Schedule 1 (Category D5)

Delete “5,000 for gross turnover of less than 10 million;

50,000 for gross turnover of 10 million to less than 50 million;

250,000 for gross turnover of 50 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.”

substitute, “5,000 for gross turnover of less than 10 million;

50,000 for gross turnover of 10 million to less than 20 million;

100,000 for gross turnover of 20 million to less than 50 million;

250,000 for gross turnover of 50 million to less than 100 million;

500,000 for gross turnover of 100 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.”

4 Schedule 1 (Class A, B, C , E and Category D2, D3, G1,G2,I1,I2,I3,I4)

Delete “20,000 for gross turnover of less than 10 million;

50,000 for gross turnover of 10 million to less than 50 million;

250,000 for gross turnover of 50 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.”

substitute, “20,000 for gross turnover of less than 10 million;

50,000 for gross turnover of 10 million to less than 20 million;

100,000 for gross turnover of 20 million to less than 50 million;

250,000 for gross turnover of 50 million to less than 100 million;

500,000 for gross turnover of 100 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.”

5 Schedule 1 (Category F3(a) and F3(b))

Delete “5.00%”

substitute, “20,000 for gross turnover of less than 10 million;

50,000 for gross turnover of 10 million to less than 20 million;

100,000 for gross turnover of 20 million to less than 50 million;

250,000 for gross turnover of 50 million to less than 100 million;

500,000 for gross turnover of 100 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.”

6 Schedule 1 (Category F3(c))

Delete “20,000 for turnover of less than 10 million;

50,000 for turnover of 10 million to less than 50 million;

250,000 for turnover of 50 million to less than 200 million;

1,000,000 for turnover of 200 million or more.”

substitute, “20,000 for gross turnover of less than 10 million;

50,000 for gross turnover of 10 million to less than 20 million;

100,000 for gross turnover of 20 million to less than 50 million;

250,000 for gross turnover of 50 million to less than 100 million;

500,000 for gross turnover of 100 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.”

7 Schedule 1 (Category F3(d)

Delete “220,000”,

substitute, “20,000 for gross turnover of less than 10 million;

50,000 for gross turnover of 10 million to less than 20 million;

100,000 for gross turnover of 20 million to less than 50 million;

250,000 for gross turnover of 50 million to less than 100 million;

500,000 for gross turnover of 100 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.”

8 Schedule 1 (Category F4)

Delete “20,000”

substitute, “5% applies on zero-rated supplies and exempt;

For taxable supplies-

20,000 for gross turnover of less than 10 million;

50,000 for gross turnover of 10 million to less than 20 million;

100,000 for gross turnover of 20 million to less than 50 million;

250,000 for gross turnover of 50 million to less than 100 million;

500,000 for gross turnover of 100 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.”

9 Schedule 1

Delete “each non-citizen employee” wherever occurring in this Schedule.

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