Finance Centre

Tax/Revenue

Since 1970, there has been a steady development in Port Vila of the financial sector, due to the discovery of Vanuatu as a tax-free area. There are no income, capital gains, corporate, net worth, property, gift, sales, death or inheritance taxes or duties, except for town rates, a flat tax of up to 12.5% on residential rentals, and a value-added tax of 12.5% on local supplies of goods and services (except residential rentals).

Indirect taxation, in the form of import and export duties, rent tax, hotels and licensed premises tax, stamp duty, port and airport, business licence, company and land registration, and other fees, provides revenue for the government services.

The Government supports the development of the finance sector in Vanuatu.