This is the Fiji Hotel and Tourism Association’s (FHTA’s) 3rd VMS Update to members since the confirmation of the Fiji Revenue & Customs Services (FRCS) announcement of the Vat Monitoring System (VMS) or Electronic Fiscal Device (EFD) Roll Out on 29 May 2019.
FHTA continues to meet with FRCS and stakeholders to better understand the VMS compliance requirements, implication to our members’ business processes and how to address specific challenges, including the required compliance by the 31st July 2019.
If you have not read up on the VMS Update No. 2, that was shared on 28 June 2019, it can be viewed here.
FRCS has advised their understanding that some taxpayers may require more time to implement the VMS and that this implementation may exceed the due date of 31 July, 2019.
Where VMS/EFD compliance is expected to be delayed, FRCS will consider the business request if the following is carried out:
- The Business is registered for EFD. PLEASE DO THIS IMMEDIATELY IF NOT ALREADY DONE.
- The Business or solution provider has commenced work and made significant changes for accreditation of their software via the Tax Core administration portal (https://www.frcs.org.fj/our-services/vat-monitoring-system-vms/efd-accreditation-instructions/).
- Businesses must provide their most feasible implementation plan as to when they will become EFD compliant, IN WRITING by 31 July, 2019.
The extension of the 31st July 2019 deadline time will ONLY be considered if the above is carried out.
We therefore urge all members to consider the advice above and prepare their businesses accordingly.
We continue to work closely with FRCS to develop the Standard Interpretation Guidelines (SIGs) or tourism industry specific VAT regulations that would effectively and best address scenarios that capture tourism business processes. Additionally, we are working towards a consensus on where the fiscalisation points will be to assist members and software providers with confirming their solutions for compliance.
Do contact the Secretariat if you have any queries.