The official handover of the Vanuatu Revenue Review final report looking into reform and modernisation, yesterday, has resulted in excellent coverage in last weekend’s media. Those most closely involved are pleased with the work undertaken. From the Report will be drawn conclusions concerning income tax, and the report makes it abundantly clear, as does the Report, that Government Revenue does not meet the billions required of it. Minister Pikioune sees a revenue shortfall presently of Vt 5 billion. Other Government sources put the figure closer to Vt 2 billion. But a shortfall means something surely has to be done.
Finance Minister Pikioune was presented with Read the rest of this entry »
Vietnamese ‘blue boats’ illegally fishing in our exclusive economic zone are a threat to Vanuatu’s environment and food security. Fisheries Director Kalo Pakoa asks the public to call the Vanuatu Mobile Force’s Maritime Base on 22860 to report any sightings of ‘blue boats’, so named for their distinctive hue. They are not fitted with automatic identification systems, as is the case with vessels licenced to fish in our waters, so are difficult to track. Three such vessels’ captains have been prosecuted recently in New Caledonia and their catch seized by the French Navy, but they subsequently escaped Read the rest of this entry »
Govt coalition parties agree that expenditures must be reviewed before new taxation measures can be consideredPosted: January 18, 2017
Agriculture Minister Matai Seremaiah has elaborated on the Leaders Party of Vanuatu’s stand on income tax. He agreed it was a government initiative, but added that communities still had to be consulted and the process of involving the people had not gone very far yet. He said “after some consultations it is apparent most of our supporters are hesitant about the income tax policy.” He added “our position is the government should wait for the Expenditure Review Report to come out and see where government can save money, cut down on unnecessary expenditures and also look at policies that will make doing business in Vanuatu easier before we decide on the future of income tax.” Minister Seremaiah said he spoke with PM Salwai Read the rest of this entry »
The Ministry of Lands and Natural Resources hopes to significantly increase revenue this year, Minister Ralph Regenvanu said on the lunchtime news on Radio Vanuatu today. About Vt 200 million extra revenue is expected this year, while expenditure will increase by about Vt 50 million. “And revenue is always growing,” confirmed Regenvanu, saying that this is confirmed by Read the rest of this entry »
Tanna’s Nikoletan Council of Chiefs establishes tribal land boundaries under new Land Management ActPosted: January 7, 2017
The Land Management Act gets a further boost today from the Nikoletan Council of Chiefs of Tanna. Nikoletan Secretary Bruno Kehma reports the satisfactory and timely working of the Act with 115 tribes and the setting up of the boundaries of the seven area councils for Tanna. The pilot project under the Act has named Malo and Tanna, Ambae and Efate as the starting islands for the project, and while Efate has been slow, it is now given a new deadline, 15 February. Bruno Kehma calls on the Efatese to finalise their project as soon as possible. (Daily Post)
Paul Hocktene (Ogden?) of JPO Investment Kava International and Export now claims a Tongan purchaser of his kava refused to pay for the shipment of the product, resulting in it being sent back to Vanuatu. It was not accompanied by Read the rest of this entry »
Prime Minister slams Financial Intelligence Unit for freezing 2017 Pacific Games bank account, confirms full Govt support for VAN2017Posted: December 10, 2016
A new statutory body has been created to enable VAN2017 to resume its management of the 2017 Vanuatu Pacific Games, due to take place this time next year. VAN2017 was set up as a charitable organisation, but the Ministry of Finance and Economic Management Financial Intelligence Unit (FIU) froze their bank account, seemingly arbitrarily, following a series of Council of Ministers decisions which appear to aimed at wresting control away from the organising committee and back to the Government.
Daily Post reports today that Prime Minister Charlot Salwai has strongly criticised the FIU’s actions, writing in a letter to the FIU Manager that “there is no clear evidence that VAN2017 has been engaged in any fraudulent actions or that state funds have been misused in any way… I am deeply concerned that Read the rest of this entry »
United States Marines from the huge visiting naval logistics vessel USNS Pililaau as undertaking repairs on a kindergarten within the Anglican community station at Tagabe, Port Vila. There were salu salu for each of the US service personnel and a welcome program of song and dance.
Tourism Owners Association (TOA) support the VCCI’s suggestion of a moderate increase in VAT rather than Read the rest of this entry »