FCCC make submission for VAT to remain zero-rated on the 21 essential items
People awaiting budget address on whether VAT will remain at 15% for selected items

FCCC make submission for VAT to remain zero-rated on the 21 essential items

People awaiting budget address on whether VAT will remain at 15% for selected items

By Shanil Singh , Vijay Narayan
Friday 15/07/2022

As Fijians look forward to the National Budget announcement tonight, the Fijian Competition and Consumer Commission has made submissions for VAT to remain zero-rated on the 21 essential items however they do not expect other items to be added to the list.

CEO Joel Abraham says out of the 21 items which are VAT zero-rated, 4 items are not under price control and they are looking at whether these items need to be price controlled.

These items include toothpaste, soap, soap powder and sanitary pad.

Abraham says they are in the final stages of this review.

VAT has been zero rated for sugar, flour, rice, canned fish, cooking oil, potato, onion, garlic, baby milk, powdered milk, liquid milk, dhal, tea, salt, soap, soap powder, toilet paper, sanitary pads, toothpaste, kerosene and cooking gas.

To recoup the lost revenue from the zero rating of VAT, effective from 1st April this year, a higher VAT rate of 15 percent is now being applied on a select list of goods and services.

People are also saying they are awaiting the government’s announcement on whether VAT will remain at 15 percent for these items.

These items are air conditioners, dishwashers, dryers, electric jugs, electric lawn mowers, electric and gas stoves, hair dryers, microwaves, refrigerators and freezers, mobile phones, TVs, toasters, washing machine, passenger vehicles, alcohol and tobacco, textiles, clothing and footwear, perfume, jewellery and watches, stereo/sound systems, electrical machinery and equipment, professional, scientific and technical activities and prescribed services under ECAL.

Minister for Economy Aiyaz Sayed-Khaiyum will deliver the budget at 8 tonight. Stay with us for details on how the budget affects your pockets and your family as a whole.

We will look at the duties and taxes on goods and services that affect you and allocation of tax dollars to the different sectors as part of the provision of government services. You can also follow our coverage on our website and mobile app, fijivillage.

FEATURE NEWS
42 villages identified to relocate due to climate change
The Fiji Human Rights and Anti-Discrimination Commission says if all 16 Pacific island countries had a Human Rights Commission, it would have made the...
11 hours ago
LATEST NEWS
Prof. Prasad rejects Usamate’s concerns regarding price hikes and unchanging income
Deputy Prime Minister and Minister for Finance, Professor Biman Prasad says prices of some food items have gone down and employment and income in the ...
11 hours ago

About 969 million people to vote in the 2024 India Elections
About 969 million will vote in the six-week-long election process of India’s giant elections to decide who will rule the world’s most populous ...
12 hours ago

PRF calls on people to set aside differences and work together for the betterment of our environment
As the world looks forward to celebrating Earth Day tomorrow, the Pacific Recycling Foundation is making a call for people to set aside their ...
12 hours ago

More than 500 members of RFMF attended reconciliation and restoration church service today
More than 500 members of the Republic of Fiji Military Forces and their family members were part of their family church service that was held at the ...
12 hours ago

Fiji Airways invests in new AI powered state-of-the-art technology to enhance Operational Efficiency
Fiji Airways is taking notable steps to further optimize its operational performance and enhance a seamless travel experience for passengers and has ...
12 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
SODELPA Management Board instructs Gavoka to hand over Education portfolio to Radrodro
The SODELPA Management Board has now asked SODELPA’s Parliamentary Leader and Deputy Prime Minister, Viliame Gavoka to relinquish his Education ...
4 days ago

Bainimarama and Qiliho's Acquittal Appeal
Coverage on the appeal filed by Acting Director of Public Prosecutions, John Rabuku against the acquittal of the former Prime Minister Voreqe ...
19 days ago

National Program Manager for Fiji 7s, Gareth Baber appears on fijivillage Straight Talk With Vijay Narayan
Gareth Baber appeared on fijivillage Straight Talk With Vijay Narayan to share his plans heading into the preparations for the upcoming tournaments ...
20 days ago

TOP