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Value Added Tax (Amendment) Act 2012

REPUBLIC OF VANUATU
VALUE ADDED TAX (AMENDMENT) ACT NO. 18 OF 2012
Act No.18 Of 2012


Arrangement of Sections
1 Amendment
2 Commencement


REPUBLIC OF VANUATU


Assent: 30/05/2012
Commencement: 02/07/2012


VALUE ADDED TAX (AMENDMENT) ACT NO. 18 OF 2012
Act No.18 Of 2012


An Act to amend the Value Added Tax Act [CAP 247].


Be it enacted by the President and Parliament as follows-


1 Amendment


The Value Added Tax Act [CAP 247] is amended as set out in the Schedule.


2 Commencement


This Act commences on the day on which it is published in the Gazette.


SCHEDULE
AMENDMENTS OF Value Added Tax Act [CAP 247]


1 Subsection 2(1)


Insert in its correct alphabetical position


“scrap metal” means any recyclable object that has a metallic content and has a resale value, but does not include aluminium beverage containers;


  1. Subsection 2(1) (definition of second hand goods)

Repeal the definition, substitute


““second hand goods” does not include any of the following:

(a) livestock; or

(b) land; or

(c) scrap metal.”


3 Schedule 1 (after clause 9)


Insert

“9A. The processing and supply of scrap metal.”



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