- 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
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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.
