FHTA Hosts Tourism Webinar on National Budget 2021/2022

FHTA Hosts Tourism Webinar on National Budget 2021/2022

The Fiji Hotel & Tourism Association (FHTA) hosted a webinar for tourism members on the Fiji Annual National Budget on Friday 20 August 2021.

This awareness session was held in collaboration with the Fiji Revenue and Customs Service (FRCS) and was used to discuss changes in Taxation and Customs Policies as announced in Government’s recent National Budget.

Attendees also took the opportunity to get clarifications and responses to their queries on the Budget.

The Association has been in constant dialogue with the FRCS senior management team and the FRCS Board leading up to, and post the Budget announcement and organised the webinar as an opportunity for stakeholders to gain better insight and awareness of the supportive policies and incentives that could get the industry and its supply chains reopening-ready.

The two-hour session covered parts of the National Budget that impacted the tourism industry including the Short Life Investment Package as a hotel investment incentive, the VAT Monitoring System, Customs Tariff Act and the Environment & Climate Adaptation Levy.

“Tourism contributed $3b in taxes and foreign exchange earnings in 2019 and the industry while fully aware of the impact of the pandemic on our economy, understand that it can make huge inroads to reducing this impact and being the impetus towards positive economic growth again,” says Ms Fantasha Lockington, FHTA Chief Executive Officer.

Government has set a tentative border reopening date for December 1 2021 with the tourism industry eager to collaborate on the reopening framework that will guide this process.