Fiji Parliament Announces Tax Measures Under 2025-2026 Budget

The Fijian Parliament June 27 announced tax measures under the 2025–2026 budget. The budget includes measures to: 1) reduce the VAT rate to 12.5 percent from 15 percent, effective Aug. 1, and extend zero-rated VAT on 22 essential items; 2) introduce a VAT Monitoring System (VMS) for businesses with annual turnover of 50,000 Fijian dollars (US$22,311) or more, effective Jan. 1, 2026; 3) provide VAT refunds for capital investments in residential solar projects and for reconstructing homes damaged by termites; 4) allow a 150 percent deduction for donations to accredited start-up support programs; 5) extend the 300 percent deduction for ...