World Bank Tips Tax Hire

The World Bank suggested Fiji restore pre-2016 VAT rates of 15 per cent with direct transfers, to offset the negative reform impact on low-income households.

Wednesday 19 April 2023 | 16:15

Staff Writer

Value Added Tax (VAT), other taxes such as customs duties (CD), corporate income taxes (CIT) and personal income tax, could do with a reform, the World Bank has said.

VAT had the biggest potential revenue impact, followed by CIT and CD, the bank said in its Fiji Public Expenditure Report 2023.

The World Bank suggested Fiji restore pre-2016 VAT rates of 15 per cent with direct transfers, to offset the negative reform impact on low-income households.