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Fiji VAT update

The Fijian budget for 2020/21 includes a number of Value Added Tax measures. These changes will come into effect on 1 August 2020. These include:

  • Withdrawal of the 6% services Turnover Tax
  • Due to the ongoing COVID-19 crisis, the new Monitoring System has been delayed until 2022. This a device to help record payments through retail cash registers. The VMS software which will be linked to the company’s cash register, will provide a real time data to FRCS on total company sales and the amount of VAT collected.
  • House sharing VAT exemption threshold is to be scrapped – so not liability for any home renters.
  • The reverse charge on non-resident supplied services is withdrawn

Whether for Fiji are anywhere around the world, VAT Calc’s in real-time global Calculator and Auditor  services produce instant and accurate tax calculations into your ERP, billing, e-commerce or e-invoicing systems.

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