Prime Minister Sitiveni Rabuka, the man who introduced value added tax into the country in 1992, says the proposed 15 per cent VAT on all items “is too much.”
Although a decision is yet to be made on the recommendation which was made by the World Bank, Mr Rabuka said in an interview in Labasa on Wednesday night that he would need to see the impacts of the various options before making a firm decision.
“We are considering a few options. I started VAT and it came at a flat rate and nothing was zero rated,” the PM said.
“But I think 15 per cent is too high. We started at 12 per cent then dropped to nine but we will see.”
Source: www.fijitimes.com
