Commencement: 1 January 2006

republic of vanuatu

THE value Added tax (Amendment) act
no. 47 of 2005

Arrangement of Sections

1.	Amendments
2.	Commencement

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republic of vanuatu

Assent:		30/12/05
Commencement:	01/01/06

THE value Added tax (Amendment) act
no. 47 of 2005

An Act to amend the Value Added Tax Act No. 12 of 1998.

Be it enacted by the President and Parliament as follows-

1	Amendments

The Value Added Tax Act No. 12 of 1998 is amended as set out in the Schedule.

2	Commencement

This Act is taken to have commenced on 1 August 1998.

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schedule

amendments of the Value Added Tax 
act No. 12 of 1998

1.	Section 2 (definition of Second Hand Goods)

After ‘livestock’ insert “and land”.

2.	After section 51

Insert

“51A	Penalty notices

(1)	Notwithstanding section 53, the Director of the Department may serve a penalty notice on a person if it appears to the Director that the person has committed an offence under:

(a)	section 51; or

(b)	section 52.

(2)	A penalty notice is a notice to the effect that, if the person does not wish to have the offence determined by a Court, the person must, within 30 days after receiving the notice, pay to the Department of Customs and Inland Revenue, the amount of the penalty prescribed by the regulations for the offence.

(3)	The amount of penalty prescribed by the regulations for an offence must not exceed the maximum amount of penalty specified for the offence under this Act.

(4)	If the amount specified in the penalty notice is paid by the person under this section, no person is liable to any further proceedings for the alleged offence.

(5)	Payment under this section is not to be regarded as an admission of liability for the purpose of, and does not in any way affect or prejudice, any civil proceeding arising out of the same occurrence.”

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