Fiji Times Wednesday 27 September 2017 BUSINESSES who have not lodged their VAT returns for a period of six months or more from the intended lodging date have been advised to do so immediately.
This is if they wish to avoid their names being publicly published for defaulting VAT returns.
The Fiji Revenue and Customs Service (FRCS) is clamping down on businesses for not regularly lodging their VAT returns as pursuant to Section 8 (6) of the Value Added Tax Act.
FRCS chief executive officer Visvanath Das has cautioned businesses that VAT was a trust money and should be remitted on time.
“Any business which operates and earns an annual income of $F100, 000 or more must be registered for VAT and must be lodging for their VAT returns regularly.” Mr Das stressed in a statement.
“We all have a civic responsibility to pay taxes and contribute towards the development of our Fijian economy.” Read more…
