Source: http://paclii.org/vu/legis/num_act/vatan45o2000258/
Timestamp: 2020-08-12 03:49:29
Document Index: 560489830

Matched Legal Cases: ['arts 1', 'art 2', 'art 1', 'art 2', 'art 3', 'art 4', 'art 5', 'art 6', 'art 7', 'art 8', 'art 9', 'art 10', 'art 11', 'art 12', 'art 13', 'art 14', 'art 15']

Value Added Tax (Amendment) Act No 45 of 2000
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(1) Subject to subsections (2) and (3), this Act commences on the day on which it is published in the Gazette.
(2) Parts 1, 7, 9 and 14 of the Schedule are taken to have commenced on 1 August 1998.
(3) Part 2 of the Schedule commences on 1 January 2001.
Amendments of the Value Added Tax Act No. 12 of 1998
Part 1 - Amendments relating to certain services performed for non-residents
1 Clause 5 of the Third Schedule
"Any supply of services to a person who is not a resident of Vanuatu and who is outside Vanuatu at the time the services are performed.
(b) another person who is not a registered person receives the performance of those services in Vanuatu.".
Part 2 - Amendment relating to State exemption
1 Clause 8 of the First Schedule
Delete "31 December 2000", substitute "31 December 2001".
Part 3 - Amendments relating to going concerns
""Going concern", in relation to a supplier and a recipient, means the situation where:
(a) there is a supply of a taxable activity, or part of a taxable activity where that part is capable of separate operation; and
(c) the supplier carries on, or is to carry on, that taxable activity or that part of a taxable activity up to the time of its transfer to the recipient.
"Recipient", in relation to any supply of goods and services, means the person receiving the supply.
"Supplier", in relation to any supply of goods and services, means the person making the supply.".
2 At the end of the Third Schedule
"9 The supply is:
(a) a supply to a registered person of a taxable activity, or part of a taxable activity, that is, or is to be, transferred from the supplier to the recipient as a going concern; and
(b) agreed by the supplier and the recipient, in writing, to be the supply of a going concern.".
Part 4 - Amendments relating to employees
"(11) Subject to subsection (12), if goods or services acquired or produced by a registered person in the course of carrying on a taxable activity are supplied to an employee of the registered person for a consideration that is less than the cost of those goods or services to the registered person, the goods or services are to be treated as if supplied by the registered person in the course of the registered person's taxable activity.
(a) the goods or services are consumed as part of and during the hours of the employee's employment duties; or
(b) the Director considers that the supply of those goods or services provides a direct benefit to the taxable activity carried on by the registered person."
After "3(10)", insert " or 3(11)".
Part 5 - Amendments relating to Director's powers
1 At the end of subsection 57(1)
Add ", and may remove and retain any such records for this purpose".
Part 6 - Amendments relating to international companies
1 After paragraph 4(3)(a)
"(ab) any activity carried on by a company registered under the International Companies Act No. 32 of 1992; or".
Part 7 - Amendments relating to time of supply
Part 8 - Amendments relating to invoices
""Invoice" means a document notifying an obligation to make payment.".
2 Section 2 (definition of "Records")
After "tax invoices", insert "invoices,".
Delete "tax".
4 Subsection 5(6)
5 Subsection 5(8)
Part 9 - Amendments relating to assessments
1	Subsection 24(6)
(a) an assessment is not made until, or increased, after the due date of payment of the tax; and
the Director must set a new due date for payment being one calendar month after the date of the assessment.".
Part 10 - Amendments relating to educational institutions
1 Clause 6 of the Third Schedule
"(6) Any supply of goods or services supplied directly to an approved educational institution if:
(ii) accommodation or meals to students and teaching staff where payment to the educational institution for those goods or services forms part of the fee paid for the educational services in the case of students and part of the remuneration for teaching services in the case of staff members; and
(b) the approved educational institution produces a valid approval certificate to the supplier of the goods or services at the time the supply is made.".
2 Clause 10 of the Third Schedule
""Approved Educational Institution" means an educational institution that:
(a) provides education that is exempt under clause 6 of the First Schedule; and
(c) the period for which the certificate is valid.".
Part 11 - Amendments relating to value of supply
Delete "on cessation of registration".
Part 12 - Amendments relating to associated persons and relatives
""Associated person" means:
(g) any 2 persons one of whom is the trustee of a trust under which the other has benefited or is eligible to benefit, except where, in relation to a supply of goods and services, -
(i) the trustee is a charitable or non-profit body with wholly or principally charitable, benevolent, philanthropic, or cultural purposes; and
(ii) the supply is made in the carrying out of those purposes".
(c) persons are connected by adoption if one has been adopted as the child of the other or as a child of a person who is within the third degree of relationship to the other".
2 Section 2 (definition of "Open market value")
Delete "related (by blood, marriage or ownership)", substitute "associated persons".
4 Subparagraph 19(7)(c)(i)
"(i) The supplier of the secondhand goods and the registered person are associated persons; and".
5 Paragraph 56(4)(a)
Delete "persons related to that person (whether by blood, marriage or ownership)", substitute "an associated person".
Part 13 - Amendments relating to payment dates
"(1) Every registered person will furnish to the Director, in the prescribed form, a tax return for each taxable period showing the amount of tax payable in respect of the taxable period as calculated under section 19:
(b) for any other taxable period by the 27th day of the month following the taxable period, unless that day is not a working day in which case the return must be furnished by the working day which immediately succeeds the 27th day.".
Part 14 - Amendments relation to company groups
1 After paragraph 45(8)(e)
"(ea) all members of the group must ensure that they have the same taxable period pursuant to section 15 and the same accounting period pursuant to section 17; and "
Part 15 - Amendments to correct typographical errors
1 Subsection 3(10)
Delete "supplied" (first occurring), substitute "acquired".
2 Subsection 6(6)
Delete "(5)", substitute "(6)".
URL: http://www.paclii.org/vu/legis/num_act/vatan45o2000258