Vanuatu Confirms VAT Return Due Dates

by Mary Swire, Tax-News.com, Hong Kong

23 January 2015

Vanuatu's Customs and Inland Revenue Department has approved due dates for monthly and quarterly value-added tax returns this year.

With the exception of monthly returns due in May, August, and November, value-added tax returns are due on the 27th of each month or quarter for the preceding tax period, as required under Section 16 of the Value Added Tax Act. In May, monthly returns must be filed by June 29, 2015; in August, by September 28; and in November, by January 5.

Vanuatu has also announced a concession for businesses that wish to file VAT returns electronically. Businesses may file an electronic return provided that the format is pre-approved by the VAT office. It must correspond with the format prescribed by the Director.

The due dates also apply to Special Returns, required under subsection 16(2) by creditors selling goods received to settle a debt owed by a VAT-registered business, regardless of whether the creditor is registered for VAT in Vanuatu.

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