Prime Minister Rabuka - 15% VAT Too High
Prime Minister Sitiveni Rabuka says increasing Value Added Tax (VAT) to 15 percent will be too high.
Friday 05 May 2023 | 11:10
Prime Minister Sitiveni Rabuka says increasing Value Added Tax (VAT) to 15 percent will be too high.
He made the comment when questioned on his take on recommendations made by the World Bank and the Fiscal Review Committee during the National Economic Summit last month.
The World Bank had recommended that VAT be increased to 15 percent and reinstating it on basic food items that are currently zero rated while also reducing the income tax threshold from $30,000 to $16,000.
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Story by: inoke.rabonu@fijisun.com.fj
