Ease of Doing Business: Vanuatu improves in score

25 January 2017

Vanuatu’s ranking in ease of doing business as reported by the world bank report 2017 looks very promising. It has made improvement in more than 50% of the topics that contributed to this impressive improvement.

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VIPA FIAC fees no change

20 January 2017

Plans to reduce the VIPA application fees were deliberated upon in 2016 in light of income tax consultations to create a more conducive “doing business” environment. However, the VIPA Board disagrees with the proposal as it will undermine Government's revenue forecast for 2017.

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New Customs Harmonised Coding System

10 January 2017

Minister for Finance and Economic Management (MFEM) Gaetan Pikioune signed a Ministerial Order to introduce the new Customs Harmonized Coding System, the HS 2017 on Thursday 5th of January 2017.

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One-Stop-Shop

05 December 2016

One-Stop-Shop has been and remains a critical policy objective for VIPA's promotional role. The announcement that the French Embassy will vacate the building and will become Vanuatu's one-stop-shop was seen by VIPA as a great achievement.

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First Cruise Ship From China

01 November 2016; Source: Vanuatu Daily Post

For the first time, in January next year, Vanuatu will receive its first cruise ship visit from China, says Minister of Tourism and Deputy Prime Minister, Joe Natuman.

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New Subdivision Policy

29 October 2016; Source: Vanuatu Daily Post
Upon the implementation of the new National Subdivision Policy, it will leave developers no right to leave incomplete services, a “major issue that residents in many subdivided areas are facing today”.
By that, Minister of Lands, Ralph Regenvanu explained that the developers’ attitudes of neglecting their clients and failing to provide services such as providing water supply, electricity and better roads will come to a stop.

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Competition Policy Development

As part of building awareness prior to the campaign, “The development in the telecommunication industry since 2009 is a good example of the positive impact competition can have in Vanuatu’s economy,” DG Alilee explained.

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Income Tax - Gathers Steam

21 October 2016; Source: Vanuatu Daily Post
In a clear indication that the revenue review team is learning from experience, the second public income tax consultation was much better attended than the first.
Yesterday’s gathering at the National Convention Centre saw more than 300 people gather to share their views on taxation and revenue matters.

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Household Survey Needed: ILO Expert

19 October 2016; Source: Vanuatu Daily Post
An International Labour Organization (ILO) Senior Wages Specialist, Daniel Kostzer, has proposed that Vanuatu needs a more evidence-based approach, a more sensible analysis to assist the Government in its plan to implement an income tax and a corporate tax.

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