Commencement: 1 June 1992

REPUBLIC OF VANUATU

RENT TAXATION (AMENDMENT) ACT
NO. 8 OF 1992

Arrangement of Sections

1. Amendment of Schedule 1 to Chapter 196.
2. Commencement.

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REPUBLIC OF VANUATU

Assent: 23/6/92
Commencement: 1/6/92

RENT TAXATION (AMENDMENT) ACT
NO. 8 OF 1992

An Act to amend the Rent Taxation Act [CAP. 196].

BE IT ENACTED by the President and Parliament as follows:

AMENDMENT OF SCHEDULE 1 TO CHAPTER 196

1. Schedule 1 to the Rent Taxation Act [CAP. 196] in this Act referred to as the "principal Act", is amended by repealing paragraph "a." and substituting the following paragraph:-

"a. where the taxpayer is a natural person:

Total amount of all rent derived by the taxpayer during the chargeable period -	Amount of tax to be charged -	
	
- does not exceed VT 200,000	- no tax is charged	
	
- exceeds VT 200,000	- 15% of the excess over VT 200,000".	

COMMENCEMENT

2. This Act shall be deemed to have come into force on the first day of June 1992.

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