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Business Licence (Amendment) Act 1994

Commencement: 01 January 1995

REPUBLIC OF VANUATU

BUSINESS LICENCE (AMENDMENT) ACT
NO. 14 OF 1994

Arrangement of Sections

1. Amendment of Schedule 1 to Chapter 173
2. Commencement

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REPUBLIC OF VANUATU

Assent: 28/12/94
Commencement: 01/01/95

BUSINESS LICENCE (AMENDMENT) ACT
NO. 14 OF 1994

An Act to amend the Business Licence Act [CAP. 173].

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

AMENDMENT OF SCHEDULE 1 TO CHAPTER 173

1. Schedule 1 to the Business Licence Act [CAP. 173] is amended -

(a) in item "Category A.3" in the second column by deleting the figure "50,000" and substituting the figure "80,000";

(b) in item "Category B.1" in the second column by deleting the figure "50,000" and substituting the figure "80,000";

(c) in item "Category B.2" in the second column by deleting the figure "50,000" and substituting the figure "80,000";

(d) in item "Category B.7" in the second column by deleting the figure "50,000" and substituting the figure "80,000";

(e) in item "Category B8.A" in the second column by deleting the figure "50,000" and substituting the figure "80,000";

(f) in item "Category B8.B" in the second column by deleting the figure "50,000" and substituting the figure "80,000";

(i) in the second column by deleting the figure "50,000" corresponding to paragraph (a) in the first column and substituting the figure "80,000";

(ii) in the second column by deleting the figure "50,000" corresponding to paragraph (a) in the first column and substituting the figure "80,000";

(h) in item "Category B12.A" in the second column by deleting the figure "50,000" and substituting the figure "80,000";

(i) in item "Category B14" in the second column by deleting the figure "50,000" corresponding to the words "plus for each non-citizen employee, principal or partner" in the first column and substituting the figure "80,000";

(j) in item "Category B15" in the second column by deleting the figure "50,000" and substituting the figure "80,000";

(k) in item "Category D2" in the first and second columns by deleting the figure "3%" and substituting the figure "4%" respectively;

(l) in item "Category D3" -

(i) in paragraph (a) in the second column by deleting the figure "100,000" and substituting the figures and words "100,000 plus 4% of the turnover";

(ii) in paragraph (c) in the second column by deleting the figure "50,000" and substituting the figures and words "50,000 plus 4% of the turnover";

(iii) after paragraph (iv) in the third column by inserting the following new paragraph –

"(v) "Turnover" means gross revenue received or accrued from the sale of any products or commodities including fees, commissions and all other charges in each licensing year but excludes any general retailer and wholesaler and citizen-owned general retailer and wholesaler whose turnover is less than 4 million vatu.";

(m) in item "Category D7" in the first and second columns by deleting the figure "2.50%" and substituting the figure "5.00%" respectively;

(n) in item "Category E7" in the first and second columns by deleting the figure "2.00%" and substituting the figure "4.00%" respectively;

(o) in item "Category E12" in the second column by deleting the figure "50,000" and substituting the figure "150,000";

(p) in item "Category F3" –

(i) in the first and second columns of paragraph A by deleting the figure "2.00%" and substituting the figure "4.00%" respectively;

(ii) in the first and second columns of paragraph B by deleting the figure "2.00%" and substituting the figure "4.00%" respectively;

(iii) in the first and second columns of paragraph C by deleting the figure "2.00%" and substituting the figure "4.00%" respectively;

(q) in item "Category D4" –

(i) in the second column by deleting the figure "100,000" and substituting the figures and words "100,000 plus 4% of the turnover";

(ii) in the third column after paragraph (ii) by adding the following new paragraph;

"(iii) "Turnover" means gross revenue received or accrued from the sale of any products or commodities including fees, commissions and all other charges in the licensing year but excludes any petroleum retailer or wholesaler whose turnover is less than 4 million vatu per licensing year.";

(r) in item "Category D6" –

(i) in the second column by deleting the figure "100,000" and substituting the figures and words "100,000 plus 4% of the turnover";

(ii) in the third column after paragraph (ii) by adding the following new paragraph –

"(iii) "Turnover" means gross revenue received or accrued from the sale of any products or commodities including fees, commissions and all other charges in the licensing year but excludes any businesses whose turnover is less than 4 million vatu per licensing year.";

(s) in item "Category E11" –

(i) in the second column by deleting the figure "100,000" and substituting the figures and words "100,000 plus 4% of the turnover";

(ii) in the third column by numbering the existing paragraph "(i)" and adding the following new paragraph;

(iii) "Turnover" means gross revenue received or accrued from the business including fees, commissions and all other charges in the licensing year but excludes any business whose turnover is less than 4 million vatu per licensing year.".

COMMENCEMENT

2. This Act shall come into force on the 1st day of January, 1995.

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