Fiji Sun, 24 June 2017 – Provisional Tax (PT) Voluntary Compliance
This initiative will also enhance the Provisional Tax voluntary compliance process. The new system will ensure any Provisional Tax withheld is remitted and reported to FRCA on a timely basis. In other words, the new system will ensure that Contractors lodge ePT files electronically on a monthly basis on all 5% PT withheld from Contractees is paid to FRCA on a timely basis.
Following an awareness session conducted by FRCA to some medium to high risk industries i.e. Construction, Supermarket and Hardware, it was brought to light that subcontractors are not fully aware of what happens to their 5 per cent Provisional Tax that is being withheld by the Contractors. Read more…
