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Fiji Explains Ongoing Tax Amnesty

by Mary Swire, Tax-News.com, Hong Kong

01 August 2017


The Fiji Revenue and Customs Service has released new details about its ongoing tax amnesty program.

Announced in June's Budget, the initiative offers a waiver of penalties for those taxpayers who have failed to register for tax, or who have outstanding returns or payments, to regularize their affairs between June 30 to December 31, 2017.

According to a press release from the FRCS published by the Fiji Times on July 29, 2017, the amnesty is designed to provide relief to taxpayers with annual gross income of up to USD1.5m.

The amnesty covers late lodgment of returns, late payment, failure to maintain proper records, and penalties for insufficient advance payments.

For outstanding returns, the amnesty will cover June 2017 VAT returns and thoseprior periods, as well as service turnover tax, fringe benefit tax, environmental and climate adaptation levy, contractors provisional tax summary, and employment monthly schedules. It also covers 2016 income tax returns and those for prior tax years.

TAGS: environment | tax | budget | Fiji | fees | contractors | penalties | Economy | Tax

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