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14% VAT Rate is the Most Sustainable – Fiscal Review Committee

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

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