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IMF suggests avoiding further delays with VAT bill

The International Monetary Fund (IMF) said that further delays in the Value Added Tax Bill 2025 (VAT) bill should be avoided. Mission Chief of Solomon Islands for (IMF), Masafumi Yabara raised this during a press conference with the media last week when his team presented a preliminary report on 2026 Article IV consultation following a wider consultation after a visit to the country from March 9-20. “Given the current situation of heightened uncertainty and risks, regarding the fiscal policies we see that reducing fiscal deficits and rebuilding liquidity buffers, I mean the cash buffers at the government, remain critical.  [...]