Increasing the VAT rate and taxes on luxury goods and fuel can be part of the strong and credible revenue measures that Fiji can explore.
That is part of the policy discussions and recommendations in the latest International Monetary Fund Staff report on Fiji.
The IMF staff stressed that fiscal consolidation will require credible expenditure and revenue measures.
It said substantial efforts are needed to reduce the wage bill through a well-designed civil service reform.
The report said there is also a potential to trim subsidies by better targeting assistance to vulnerable groups and to improve expenditure management by enhancing transparency and accountability.
The IMF Staff Report on Fiji states that revenue can be strengthened by eliminating tax holidays, streamlining tax incentives and improving tax administration.
It said excise taxes on luxury goods and taxes on petroleum could be raised and the VAT rate increased if necessary.
The Fijian Competition and Consumer Commission has resolved to defer its final electricity tariff authorisation to 30th April this year, providing EF...
1 hour ago
A Heavy Rain Alert is in force for the whole of Fiji, with several roads and crossings in the Central, Western and the Northern currently flooded and ...
24 minutes ago
The Fiji Roads Authority has announced a temporary full closure of the Wainibau Bridge along Baulevu Road from 8pm this Saturday until 5am this ...
30 minutes ago
Approximately 1.2 million people in the Pacific live with visual impairment, including 39,000 who are blind.
This was highlighted by the Minister for ...
55 minutes ago
The Suva Magistrates Court has found that former SODELPA MP Simione Rasova has a case to answer in court.He appeared before Magistrate Joseph Daurewa ...
3 hours ago
Canadian authorities have identified the suspect in the mass shooting at Tumbler Ridge Secondary School in Canada and a nearby residence in British ...
3 hours ago
I was invited to travel to New Zealand by the Fiji Sports Council for a grassroots 7s tournament in 2024, I travelled business class but it was ...
6 days ago
The application for leave for the judicial review has been made by former FICAC Commissioner Barbara Malimali, former Attorney General Graham Leung ...
6 days ago
Another legal battle starts today as sacked FICAC Commissioner, Barbara Malimali takes her matter to court against the President, Prime Minister and ...
7 days ago
