- Finance Minister Professor Biman Prasad says reducing VAT from 15 to 9 percent is not an option
- Government would lose 600 million in revenue if VAT is reduced
- Zero VAT rate maintained on 22 essential items
- Prices of goods and services influenced by factors other than VAT
- Relief will be provided where needed
- Fiji’s major trade partners experiencing high inflation rates
- Import prices from these countries impact Fiji significantly, as 50 percent of consumption basket consists of imported items
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.
