Commencement: 1 January 1989

REPUBLIC OF VANUATU

THE RENT TAXATION (AMENDMENT) ACT
NO. 25 OF 1988

1. Amendment of Act No. 30 of 1986.
2. Commencement.

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Assent: 18/1/89
Commencement: 1/1/89

THE RENT TAXATION (AMENDMENT) ACT
NO. 25 OF 1988

An Act to amend the Rent Taxation Act No. 30 of 1986.

BE IT ENACTED by the President and Parliament as follows:-

AMENDMENT OF ACT No. 30 OF 1986

1. The Rent Taxation Act No. 30 of 1986 is amended as follows:

(a) In section 8 by inserting the words "or any part" immediately after the word "whole" in the second line thereof; and

(b) By inserting the following new section immediately after section 11 -

"BAD DEBTS

11A. (1) Subject to subsection (2), amounts due to a taxpayer in respect of rent or lease payments which have been written off as irrecoverable may be deducted from the total amount of all rent derived by the taxpayer during the chargeable period to which they relate.

(2) If any amount shown as a deduction pursuant to subsection (1) or a part thereof is subsequently received by the taxpayer, such amount or part thereof shall be included as part of the all rent derived by the taxpayer during chargeable period next following."

COMMENCEMENT

2. This Act shall come into force on the first day of January, 1989.

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