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.
Dialogue Fiji expresses its grave concern and disbelief over the National Referendum Bill 2025, which contains some of the most far-reaching and unde...
16 hours ago
The 2025 Provisional Literacy and Numeracy Assessment results has been released today, which shows improved literacy rates for Year 5 and Year 7 ...
2 hours ago
A powerful magnitude 7.6 earthquake shook Japan's northeast region prompting tsunami warnings and orders for residents to evacuate.
The Japan ...
3 hours ago
Member of Parliament and leader of the National Federation Party, Professor Biman Prasad says rumours circulating on social media claiming he has ...
15 hours ago
Auta Moceisuva, who previously served as the Deputy Commissioner of Corrections, has been appointed Acting Commissioner of Corrections. ...
15 hours ago
Are we doing enough?Sonia Shanaaz, a mother who is raising her 10 year old daughter living with a disability, will appear on fijivillage Straight ...
16 hours ago
The Fiji Airways Men’s National 7s side are working on their fitness as they prepare for the start of the 2025/2026 World 7s Series this ...
22 hours ago
There is a constant struggle that we seem to have in Fiji with upholding and respecting the rule of law, and in my view, I think it starts at the ...
4 days ago
Tribunal proceedings for suspended Corrections Commissioner Dr Nakarawa are underway, focusing on allegations of misbehaviour during his tenure as ...
4 days ago
