Fiji Sun – Saturday 01 July 2017.
The 2017/2018 National Budget was announced by the Honorable Attorney General and Minister for Economy on Thursday night.
In the 2017/2018 Budget, Government maintained the attractive tax policies that have successfully grown the Fijian economy and undertaken tax reforms that will incentivize economic growth in targeted sectors and relieve the tax burden on ordinary Fijians to reduce the overall cost of living in Fiji.
Pay-As-You-Earn Tax
Personal Income Tax: annual income earned below $30,000 will no longer incur income tax, as the minimum income tax threshold has been increased from $16,000 to $30,000.
The following tax incentives have been introduced, extended, restructured or maintained:
All Tax Free Regions and the Commercial Agriculture, Bio-fuel and Accelerated Depreciation initiatives have been extended from 2018 until 2028. Read more…
