ISSUE
Friday, August 15, 2025
Volume 16 . Issue 72
Suva: The Fiji Islands Revenue and Customs Authority (FIRCA) says from tomorrow - VAT must be charged at 15 per cent on any sale of standard rated goods and services.
The change also applies to imported goods and to the receipt of imported services, which is subject to the VAT reverse charge.
All VAT registered persons will be required to adjust their systems to accommodate the new rate.
FIRCA notes that if invoicing or payment occurs before January 1, 2011 but goods and service delivered after the date, it will be taxed at 15 per cent as VAT is charged at the time of delivery.
However FIRCA says if the invoicing or payment occurs on or after January 1, 2011 but goods and services delivered before that date, it will be taxed at 12.5 per cent as they were delivered before the change in the tax rate.
The VAT increase was announced in the 2011 National Budget address.
Suva: The Fiji Islands Revenue and Customs Authority (FIRCA) says from tomorrow - VAT must be charged at 15 per cent on any sale of standard rated goods and services. The change also applies to imported goods and to the receipt of imported services, which is subject to the VAT reverse charge. ...
Suva: The Fiji Islands Revenue and Customs Authority (FIRCA) says from tomorrow - VAT must be charged at 15 per cent on any sale of standard rated goods and services.
The change also applies to imported goods and to the receipt of imported services, which is subject to the VAT reverse charge.
All VAT registered persons will be required to adjust their systems to accommodate the new rate.
FIRCA notes that if invoicing or payment occurs before January 1, 2011 but goods and service delivered after the date, it will be taxed at 15 per cent as VAT is charged at the time of delivery.
However FIRCA says if the invoicing or payment occurs on or after January 1, 2011 but goods and services delivered before that date, it will be taxed at 12.5 per cent as they were delivered before the change in the tax rate.
The VAT increase was announced in the 2011 National Budget address.
Leave a Comment