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FRCS invites submissions on draft VAT Bill

The new features include transactions within the digital economy and provision of remote services, supply of goods and services through electronic distribution platforms and new rules on claiming VAT inputs through creditable acquisitions.

The taxing entity further states that the introduction of certain conditions for voluntary registration and new rules on the supply of secondhand goods to allow for deemed VAT input claims on the acquisition of secondhand goods are changes that will be expected as well.

Source: fbcnews.com.fj

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