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

More Countries Set to Join the “Netflix Tax” Scrum

More Countries Set to Join the “Netflix Tax” Scrum

After more than a month of competition, the 20 teams competing for glory in the Rugby World Cup 2015 have been reduced to just 2. The final will be a match-up between New Zealand and Australia on October 30 at London’s Olympic Park. Australia and New Zealand have more in common than being powerhouse rugby … Read More

Maldives Green Tax, U.S. Greenbacks

Maldives Green Tax, U.S. Greenbacks

Starting 1 November 2015, non-resident visitors to the Maldives will be subject to a $6 per person per day tax. Known as the Green Tax, the tax was approved by the parliament on 15 December 2014 and ratified by President Abdulla Yameen on 17 December 2015. On 12 October 2015 the Maldives Inland Revenue Authority Read More

Good News, Bad News for Pakistan Fuel Consumers

Good News, Bad News for Pakistan Fuel Consumers

For Pakistan’s fuel consumers the Federal Board of Revenue’s recent actions are a case of good news, bad news. That is because while worldwide oil prices continue to fall, Pakistan has been ramping up its fuel tax rates, first in July, then again in August, September, and October. During that time – between July 1st and October … Read More