Vanuatu Tax Tables 2024 - Tax Rates and Thresholds in Vanuatu

This page contains the tax table information used for the calculation of tax and payroll deductions in Vanuatu in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ VU, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Vanuatu or would like to add to or suggest amendments to the information herein then please contact us.

Vanuatu Personal Income Tax Tables in 2024

The Income tax rates and personal allowances in Vanuatu are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Vanuatu Tax Calculator 2024.

Vanuatu Social Security and Payroll Deduction Rates in 2024

In Vanuatu, the primary social security system is managed by the Vanuatu National Provident Fund (VNPF). This system is designed to provide a range of benefits to workers, including retirement savings, financial assistance in times of need, and other support mechanisms. Both employees and employers contribute to the VNPF, ensuring a collaborative effort towards the financial security of the workforce. While specific rates are not mentioned here, the framework is designed to be sustainable and supportive of the employees' and employers' needs.

Vanuatu National Provident Fund (VNPF)

The VNPF is a mandatory savings scheme for employees working in Vanuatu. Contributions are made by both employees and employers, with the primary goal of providing a safety net for workers upon retirement. Additionally, the VNPF offers benefits in the case of permanent disability and death, ensuring support for members and their families in challenging times. The Fund is also designed to offer loans and financial assistance for housing, education, and other significant life expenses, contributing to the overall welfare of its members.

Healthcare Contributions

While Vanuatu does not have a specific healthcare deduction from payroll, the government provides healthcare services to its citizens. The contributions made to the VNPF can indirectly support members during medical emergencies through loans or withdrawals for medical reasons. This system ensures that workers have some form of financial recourse for medical needs, although it primarily focuses on retirement savings.

Unemployment Benefits

Vanuatu's social security system, primarily through the VNPF, does not offer direct unemployment benefits in the same way some other countries do. Instead, the focus is on long-term savings and support during retirement or in cases of disability and death. However, the VNPF does provide some level of financial assistance and loans that can aid members during periods of unemployment or financial hardship, albeit not as a dedicated unemployment benefit.

Other Deductions

Beyond the VNPF contributions, employees in Vanuatu may see other deductions on their payroll, such as taxes and fees for additional benefits or services. However, as Vanuatu is known for its tax-friendly environment, particularly with no personal income tax, these deductions are generally minimal and focused on specific services or benefits rather than a comprehensive tax system.

Benefits Funded by Social Security

The social security contributions in Vanuatu, particularly through the VNPF, fund a variety of benefits aimed at supporting workers and their families. These include:

• Retirement Savings: A fundamental purpose of the VNPF is to provide members with a financial foundation upon retirement, ensuring they have savings to support themselves in their later years.
• Disability and Death Benefits: In cases of permanent disability or death, the VNPF offers financial support to the member or their beneficiaries, providing a crucial safety net during difficult times.
• Loans and Financial Assistance: Members can access loans and financial assistance for significant expenses such as housing, education, and healthcare, facilitating access to essential services and improving their quality of life.

In summary, Vanuatu's social security system, primarily through the VNPF, plays a critical role in the financial wellbeing of workers and their families. By focusing on retirement savings and providing support for significant life events, the VNPF helps ensure that employees have a measure of financial security and support throughout their lives and into retirement.

Vanuatu VAT Rates in 2024

VAT rates for Vanuatu are reviewed annually, you can use the VAT Calculator to calculate VAT due in Vanuatu or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Historic Tax Tables supported for Vanuatu

The following tax tables are supported by iCalculator™ VU as part of the suite of free tax tools we provide for Vanuatu.