The Fiscal Review Committee has recommended a unified rate of VAT where there is no zero-rating on essential items and it is not greater than 15 percent. They say revenue loss from zero-rating on essential items (that is instead of 9 percent) was significant, at around $160 million per year as estimated by the Fiji Revenue and Custom Services.
Source: www.fijivillage.com
Latest Posts in "Fiji"
- FRCS Launches Public Dashboard to Enhance VAT Monitoring and Transparency in Fiji
- VAT Cuts Lead to Sharp Inflation Drop, RBF Maintains Monetary Policy
- Fiji’s Digital VAT Monitoring: Enhancing Compliance and Transparency in the Pacific
- FINTUA: VAT News Updates International VAT Rate Round Up – September 2025
- Fiji’s VAT Amendment Act 2025: New Taxpayer Disclosure, Reduced Rates, and Investment Refunds