- Law No. 10/2025, the VAT Budget Amendment Act 2025, was published in the Fijian Official Gazette on July 21.
- The law allows the Chief Executive Officer to publish the name and address of registered taxpayers who fail to file a VAT return.
- The VAT rate for imported goods and the standard VAT rate is reduced to 12.5 percent from 15 percent.
- VAT refunds are allowed for capital investments in the reconstruction of premises damaged by termites, with specific refund limits.
- VAT refunds are also provided for capital investments in residential solar projects.
- The law takes effect on August 1.
Source: news.bloombergtax.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.
