- The Finance Minister clarified that VAT exemptions still apply only to genuine producers like farmers and fishermen, not to middlemen or resellers.
- Recent amendments to the VAT Act were made to clarify, not change, the exemption and to prevent misuse.
- Some meat suppliers now face large retrospective VAT bills, with debts ranging from $800,000 to $1 million.
- The government insists the law is clear and businesses can challenge tax assessments through legal channels.
- Most suppliers are already compliant; only a few have raised concerns about the retrospective charges.
Source: fbcnews.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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