- Vanuatu’s Ministry of Finance is set to enhance tax compliance and reduce the tax gap by mandating real-time reporting of VAT invoice data through the introduction of the Vanuatu Sales Monitoring System (VSMS), aimed at digitizing tax monitoring and improving revenue collection.
- The implementation of VSMS will occur in three phases, beginning with the e-reporting of business-to-consumer transactions, and is scheduled to be launched by January 2026.
- Vanuatu is leveraging insights from regional counterparts, such as Fiji and Samoa, which have successfully implemented similar systems, while further details on expanding the mandate to business-to-business transactions are yet to be announced.
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