During Fiji’s National Budget Address for the upcoming fiscal year 2025–2026, the Deputy Prime Minister and Minister for Finance, Strategic Planning, National Development & Statistics Professor Biman C. Prasad announced that the standard VAT rate will be reduced from 15% to 12.5%, starting August 1, 2025. The reduction is being made to help ease the cost of living for Fijians. In addition to the new VAT rate, 22 goods that are currently zero-rated will remain as such through the 2025-2026 fiscal year.
A copy of the address can be found here.
