Fiji’s Digital VAT Monitoring: Enhancing Compliance and Transparency in the Pacific

The text discusses the Pacific VAT compliance model, focusing on Fiji’s approach. Key takeaways include the benefits of real-time digital monitoring for boosting compliance, the importance of stakeholder engagement, the necessity of capacity building, the role of transparency and fairness in encouraging participation, and the need for political and legal support. Fiji’s shift to digital monitoring has improved VAT compliance by tracking transactions in real time, reducing underreporting, and enhancing revenue collection without raising tax rates. The system fosters trust and collaboration between the government and businesses.

Source: dti.rs

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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