Reminder from Vanuatu Customs Revenue Taxpayer Services Section
The October 2022 monthly VAT Reminder from the Inland revenue taxpayer services office:
COVID-19 Vaccinations in Vanuatu
The Ministry of Health (MOH) is starting its COVID-19 vaccination program in Efate today (June 2), and will expand to Sanma province in August, Tafea in September, Malampa & Penama in October and Torba in November
The first people eligible for vaccination will be frontline medical workers, those 55 years of age or older, as well as people with underlying condition such as NCDs. Depending on the initial demand from the targeted population, Vanuatu will open vaccinations to the whole population over 18+ years in the next stage to make sure all doses are distributed before the current expiration date at the end of August. It seems plausible that vaccination will be open to everyone on Efate at some point during the month of July.
Currently MOH is using the AstraZeneca Vaccine. They have 100,000 doses allocated through the COVAX program, with 24,000 doses currently in the Country. Vanuatu is looking to reserve up to 200,000 doses through COVAX. Australia is also looking to supply additional AstraZenaca vaccines to Vanuatu. It is possible that other vaccines will be available to Vanuatu at a later date, but the MOH is for now concentrating on using AstraZeneca as it is logistically more suited to Vanuatu’s vaccine storage and distribution systems. At this time, there should not be any expectation that Vanuatu will receive either the Pfizer or Moderna vaccines. MOH may try to obtain the Johnson & Johnson vaccine, which requires only one dose, and it might be possible that Vanuatu also gains access to one of the Chinese vaccines if they are approved for use in Vanuatu.
Vaccination will be open to citizens and residents alike. A second dose will be administered 8 to 12 weeks after the first dose. Once you receive your second dose, you will be considered fully vaccinated and will receive a vaccination certification to prove it.
Regarding AstraZeneca side effects, as of the date of writing, the MOH is expecting that the country will experience up to 1 case of blood clotting related to the vaccine. Compared with numbers found in studies done in Australia and the US, this number is plausible. Clots are extremely rare. In the US, from 8.7 million doses administered, there were 28 cases of clots associated with COVID-19 vaccination and 3 deaths. Vanuatu may experience some cases of blood clotting or it may experience none, based on the fact that the population is only 300,000 people. If you are uncertain about getting the vaccine, there are no specific contraindications unless you have had allergic reactions to vaccines in the past. MOH will have doctors at vaccination sites and will do assessments for anyone who has doubts. The key takeaway is that the vaccine is your best chance against COVID-19 since there is much, much more risks of complications and death with COVID-19 than the vaccine. Vanuatu will most probably not get Moderna or Pfizer for the foreseeable future, and the other vaccine (Johnson & Johnson) has the same side effects as AstraZeneca.
Based on data from Canada, probabilities of having a blood clots from AstraZeneca are 0.0004%. In Canada, the average probability of having a blood clot not related to the COVID-19 vaccine is 0.13%. There is 322 times more “naturally” occuring blood clot cases in the general population compared blood clots cases related to AstraZeneca vaccine. Blood clots from COVID-19 vaccine are therefore extremely rare.
In Canada, people hospitalized for COVID-19 infection had 14.7% probability of having a blood clot.
It is important to remember that Vanuatu’s population is particularly at risk from complications to COVID-19 due to the high prevalence of NCDs.
Vaccination is not mandatory, but the more people there are that get vaccinated, the better chance we have to fight COVID-19 as a country and protect the people who are the most vulnerable.
Mergers and Acquisitions in Vanuatu
Mergers & Acquisitions Ltd, a venture of Cessions Acquisitions based in New Caledonia is opening an office in Port Vila, Vanuatu. For that occasion, they organised an information seminar featuring AJC and other professional service providers in Vanuatu.
Here are the two presentation AJC did during this event covering the due diligence process and the costs of transferring the ownership of a company in Vanuatu. We explain why the due diligence is important, how it’s done and what the costs are. We also cover and explain the fees involved in different types of transfers of ownership in Vanuatu.
Presentations
Real Estate and Companies (English)
Vérification diligente (French)
Immobilier et Entreprises (French)
Vanuatu
Vanuatu is an independent republic and is a chain of Melanesian islands lying to the north-east of Australia. Its capital, Port Vila, is only three and a half hours’ flying time from Sydney. Vanuatu boasts 83 islands with a diverse culture, custom, breathtaking scenery, world class dining and diving and above all friendly welcoming people.
With a population of approximately 257,000 Vanuatu boasts 113 distinct languages and innumerable dialects. This makes it one of the most culturally diverse countries on earth. The pre-independence era contributed a great deal to the nation’s continuing diversity. The unique system of joint administration has given Vanuatu the benefit of being the only country in the South Pacific with two official languages, English and French. There is also Bislama, the national language, which is used as a common language among Vanuatu’s many peoples.
And then, there is business … come and experience Vanuatu.
Work and Public Holidays
Sundays and public holidays are not working days in Vanuatu. In most cases, an employee is not obliged to work on Sundays or public holidays. An employee may, however, agree to work on a Sunday or a public holiday, as he or she wishes.
When an employee agrees to work on a Sunday or public holiday, his or her salary is increased by 50%, except for businesses which by nature stay open on Sundays and public holidays (resorts, restaurants, supermarkets, etc). Employees working in these industries may not be entitled to a day off or increased hourly rate of pay.
