Fiji drops VAT to 9%
- Nov 5, 2015 | Richard Asquith
Fiji has announced a proposal to reduce its VAT rate from 15% to 9% in 2016. The 15% rate was set in January 2011.
There would be an increase in the Service Turnover Tax (STT) from 5% to 10% at the same time. This tax is levied on: hotel accommodation; restaurants and cafes; cinemas; car hire; and tour operators. In addition, a new environmental tax is to be introduced at 6% on businesses subject to STT.