PacLII Home | Databases | WorldLII | Search | Feedback

Vanuatu Consolidated Subsidiary Legislation

You are here:  PacLII >> Databases >> Vanuatu Consolidated Subsidiary Legislation >> Interactive Gaming (Calculation of Tax)

Database Search | Name Search | Noteup | Download | Help

Interactive Gaming (Calculation of Tax)

Commencement: 1 January 2003


INTERACTIVE GAMING (CALCULATION OF TAX)


Order 5 of 2003


To prescribe certain rates of tax and deductions.


1. Calculation of tax
(1) For the purpose of section 30 of the Vanuatu Interactive Gaming Act [Cap. 261], interactive gaming tax is to be calculated at the following rates:


(a) 0.1% on a licensee’s gross turnover;


(b) 2.5% on a licensee’s gross profit.


(2) A licensee is entitled to deduct from the interactive gaming tax that would otherwise be payable for a particular month:


(a) bandwidth charges paid by the licensee for that month in excess of $US 0.07 per megabyte; and


(b) such bad debts as are declared by the licensee for that month that are due to credit card repudiation and/or dishonoured cheques.



PacLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.paclii.org/vu/legis/consol_sub/igot321