Tax & Accounting Blog

Fiji’s Proposal to Increase VAT Collection: Lower VAT Rate

Fiji’s Proposal to Increase VAT Collection: Lower VAT Rate

Fiji’s Minister of Finance, Aiyaz Sayed-Khaiyum, presented his 2016 Budget announcement on November 6, 2015. The announcement has a value-added tax proposal that is noteworthy in two respects; the amount and the rationale. The Minister has proposed reducing Fiji’s single VAT rate from 15% to 9%. This would place Fiji’s VAT rate below Australia’s … Read More

China Customs force “One Belt, One Road” Development

China Customs force “One Belt, One Road” Development

In 2013, China proposed the strategic initiative of building “The New Silk Road Economic Belt” and “The 21st Century Maritime Silk Road.”, also known as “One Belt, One Road” (OBOR).  The initiative is intended to promote connectivity and cooperation among countries along these routes (primarily in Eurasia).  It is reflective of China’s efforts to take a … Read More