- Fiji will reduce the standard VAT rate to 12.5 percent starting August 1, 2025
- Announcement made during Fiji’s National Budget Address for fiscal year 2025 to 2026
- Deputy Prime Minister and Minister for Finance Professor Biman C. Prasad made the announcement
- Reduction aims to ease the cost of living for Fijians
- 22 goods currently zero-rated will remain zero-rated through the 2025 to 2026 fiscal year
Source: sovos.com
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.
