Last updated: 28 May 2012
Market profile
Doing business
There is a 12.5 per cent Value Added Tax (VAT) payable on all goods and services. The VAT, introduced in August 1998, replaced all previous taxes on goods and services.
More information on doing business in Vanuatu
Country Profile
Content supplied by Department of Foreign Affairs and Trade
- ECONOMIC CLIMATE
Most of Vanuatu's population lives in rural areas where subsistence farming and fishing are the main sources of livelihood.
» read more at DFAT
- TRADE RELATIONS
Australia is the major source of foreign investment in the Vanuatu economy with a focus on agriculture, tourism, finance and construction.
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- POLITICAL CLIMATE
Vanuatu has a unicameral 52-member Parliament, elected to a four-year term by universal adult suffrage.
» read more at DFAT