- Ministry of Finance to evaluate VAT regime and potential social/economic impacts of transitioning to a single rate between 2024-2027
- Total Government revenue projected to increase to around 27% of GDP in medium term
- Focus on tax stability and predictability for investors and consumers
- Guiding policy principles include broadening tax base, reviewing tax incentives, improving compliance, and reviewing VAT regime
- Other measures include implementing dividend tax, reviewing departure tax, engaging with EU on tax changes, and framing clear customs and excise policy.
Source: fijitimes.com.fj
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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