Vanuatu tax system: audit, reporting and optimization of taxation of Vanuatu companies and individuals: VAT, income tax and capital gains. Tax treaties of Vanuatu.
Basic taxes (briefly)
|Corporate tax (in detail)||No|
|Capital gains tax. Details||No|
|VAT. Details||International companies are exempt from all forms of taxation in Vanuatu|
|Government fee||150 USD for the registration of an international company|
International tax agreement
|Australia, Denmark, Faeroe Islands, Finland, France, Greenland, Grenada, Iceland, Ireland, New Zealand, Norway, Republic of Korea, San Marino|
Taxation of individuals
Vanuatu law makes no distinction between the foreign employees and resident or non-resident employees of resident or non-resident companies.
In Vanuatu there are no taxes for individuals other than import duties (at varying rates).
No CFC rules.
Rate of VAT is 12.5%.
Exemption of companies from certain taxes and duties.
Any company not doing business in Vanuatu and its shareholders are exempt from any taxes on income, profits, capital gains, distributions accrued to or received by or from such company.
Offshore companies are not subject to any inheritance, succession or gift tax, rate, duty, levy or other charge payable in Vanuatu on any shares, debentures or other securities.
In the following cases, an offshore company must be exempt from paying stamp duty:
all transfers of property, other than real property, located in Vanuatu; all transactions and declarations in respect of shares, debentures or other securities of the company; and all other transactions relating to the company's business.
International tax treaties
Vanuatu has entered into 1 Double Tax Treaty (DTC) and 13 Tax Information Exchange Agreements (TIEA) with the following jurisdictions:
1 TIEAs: Sweden.
13 TIEAs: Australia, Denmark, Faeroe Islands, Finland, France, Greenland, Grenada, Iceland, Ireland, New Zealand, Norway, Republic of Korea, San Marino.
In general, there are no currency restrictions.
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Taxes of Vanuatu
|Min. rate for corporate tax||No|
|Capital gains tax||No|