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Business Licence (Amendment) Act No 01 of 1996

Commencement: 02/04/1996

REPUBLIC OF VANUATU

BUSINESS LICENCE (AMENDMENT) ACT
NO. 1 OF 1996

Arrangement of Sections

1. Amendment of section 13 of Chapter 173.
2. Amendment of Schedule 1.
3. Commencement.

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Assent: 12/04/96
Commencement: 02/04/96

BUSINESS LICENCE (AMENDMENT) ACT

N0. 1 OF 1996

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

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

AMENDMENT OF SECTION 13 OF CHAPTER 173

1. The Business Licence Act [CAP. 173] in this Act referred to as the "principal Act" is amended in section 13 by adding after subsection (5) the following new subsections -

"(6) Notwithstanding the provisions of subsection (2), the fee payable on turnover in respect of business licence categories D3(a), D3(c), D4 and D6 in Schedule 1 shall be paid in arrears in four instalments -

(a) on or before the 21st day of April for the months of January, February and March;

(b) on or before the 21st day of July for the months of April, May and June;

(c) on or before the 21st day of October for the months of July, August and September;

(d) on or before the 21st day of January for the months of October, November and December;

of each succeeding year.

(7) Any person holding a D3(a), D3(c), D4 or D6 business licence shall complete or cause to be completed a return in the prescribed form in respect of each period of which the fee is payable by him.

(8) All returns completed shall be delivered to the licensing authority by or on behalf of the licence holder at the time of the payment of the fee."

AMENDMENT OF SCHEDULE 1

2. Schedule 1 of the principal Act is amended -

(a) in item "Category D1" in the second column by deleting the figure and words "2.50% of the total annual value of imports (C.I.F) for the licensing year" and substituting the figure "VT50.000";

(b) in item "Category D7" in the second column by deleting "4.00%" and substituting "VT100.000".

COMMENCEMENT

3. This Act shall come into force on the 2nd day of April 1996.

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