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New Caledonia introduces Consumption Tax

  • GST
  • 1 February 2017 | Richard Asquith

New Caledonia introduces Consumption Tax

The Pacific French territory of New Caledonia is to introduce a General Tax on Consumption (TGC).

It follows the principles of VAT, including the ability for businesses to recover an input TGC through the production chain. Final implementation date will be 1 July 2018 – although there will be a limited trial period from 1 July 2017. There will be a registration threshold of CFP 25m and CFP 7.5m for goods and services, respectively.

The TGC rates will likely be: 22%; 11%; and 3%.  TGC replaces the existing import tax and service tax.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.