Category Taxation in Fiji

Tax Revenues Hit Historic Growth in Fiji

August 6, 2014 Taxation in Fiji

tax revenue in FijiSUVA – Tax revenues in Fiji are on the rise, despite the fact that government has recently slashed taxes rates while boosting expenditure.

On August 5th the Fiji Revenue and Customs Authority issued a new statement announcing that tax collections over the first seven month of this year surpassed the government’s target by FJD 92 million, with total collections for the period reaching FJD 1.144 billion, compared to a total of FJD 988.6 million during the same period over the previous year.

In the statement the Chief Executive Officer of Fiji Revenue and Customs Authority Jitoko Tikolevu said that the tax revenues have grown despite the fact that over the last year the government cut taxes, while at the same time increasing spending and investment.

He added that while the growth seen ove...

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Fiji Lures Aid with Tax Breaks

December 24, 2012 Taxation in Fiji

Tropical Cyclone RobynSUVA – The government of the disaster struck Fiji is foregoing future tax revenues in exchange for the immediate assistance, funds and supplies needed for its relief efforts.

In the wake of the devastating Tropical Cyclone Evan which struck Fiji earlier this month, the national government announced over the weekend that it is offering significant tax breaks to people and businesses as incentive to make donations of cash and goods to be used towards the country’s recovery.

Any individual taxpayer who donates more than FJD 1 000 (approx USD 570 ) to a nominated bank account of the Prime Minister’s Relief Fund will be granted a tax deduction of 200 percent of the amount offered.

This is not the first time that the Fijian government has decided to offer such significant tax deductions in excha...

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Fiji Fights Poverty with Tax Cuts

November 29, 2011 Taxation in Fiji

Tax Rates in FijiSUVA – The government of Fiji is taking action to eradicate poverty in the country by lowering taxes for almost all of the nation’s taxpayers.

Over the weekend the Prime Minister of Fiji Frank Bainimarama made his annual budget address in Suva, announcing a number of tax changes aimed at lowering tax burdens for the majority of taxpayers, and raising taxes for the country’s highest earners.

From the start of next year the tax threshold in Fiji will be raised to FJD 15 600, from the current level of FJD 15 000. All earnings above the threshold, and up to a level of FJD 22 000 will be taxed at a new rate of 7 percent, compared to the current rate of 25 percent. Earnings exceeding FJD 22 000 will be levied at a rate of 20 percent...

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Fiji Strengthening Fight Against Money Laundering

May 16, 2011 Taxation in Fiji

Money Laundering :: 1 of 2Fiji is making progressive strides in combating the occurrence of money laundering and financial crimes in the country, having conducted 267 investigations into alleged offences over the course of 2010.

The Financial Intelligence Unit (FIU) of Fiji has released its 2010 Annual Report, which provides information on the results of the country’s efforts into the administration and enforcement of the national Financial Transactions Reporting Act (FTR).

According to the publication, in 2010 the FIU received 629 submissions regarding suspicious financial transactions carried out in Fiji, with 267 of these being forwarded on to law enforcement agencies for further investigation into possible money laundering...

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