The Fiji Times, 04 October 2017 – GOVERNMENT in its 2017/2018 National Budget had announced a tax amnesty by the Fiji Revenue and Customs Service (FRCS) for waiver of penalties on registration, outstanding returns and tax payments, for any taxable period prior to December 31, 2017, provided taxes are fully paid and outstanding returns are lodged before the end of the amnesty period.
Amnesty period
The amnesty period started from June 30, 2017 and will end on December 31, 2017. It is aimed at providing relief to taxpayers with annual gross income of $1.5 million or less, from the burden of penalties and to give those with genuine financial difficulties, the time to update their records with FRCS. Read more…