The Fiji Times, 29 July 2017 – Origin of VAT in Fiji
The Value Added Tax (VAT) was introduced in Fiji with effect from 1st July, 1992 and it has completed its 25 years of existence this year! The introduction of VAT has transformed the entire taxation system in Fiji.
It has resulted in significant restructuring of the Income tax system such as introducing the income tax exemption threshold of $4500 and elimination of taxes such as Basic tax that existed that time. To minimise VAT burden on consumers at the time of VAT introduction, a number of other taxes that existed at that time were also removed. Today, this income tax exemption threshold has increased by almost 7 folds. Read more…
