BUDGET 2025-2026 | VAT removed on mechanical harvester service by sugarcane cooperatives

Fiji Budget 2025-26: Reduction in VAT

The government has announced a drop in the VAT rate from 15% to 12.5% for the new financial year, effective from 1 August 2025. The post Fiji Budget 2025-26: Reduction in VAT appeared first on Islands Business.

BUDGET 2025-2026 | VAT removed on mechanical harvester service by sugarcane cooperatives

Cooperatives using mechanical harvesters won’t be required to pay Value Added Tax (VAT), states Fiji Revenue and Customs Service in its 2025-2026 National Budget Summary of Revenue Policies. This incentive is aimed at including sugar cane farmers in cooperatives which gives them some savings in harvesting costs with the zero-rated VAT. According to the Sugar Cane Growers Council the sugar industry had 53 cooperatives in operation, of which 48 ow…