The Fiji Times, Saturday, 29 July 2017 – Minister for Economy Aiyaz Sayed-Khaiyum, in his 2017/2018 National Budget address on June 29, 2017, had announced a tax amnesty by Fiji Revenue and Customs Authority (FRCA) 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.
The amnesty period is from June 30, 2017 to December 31, 2017 and 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 assist those who face genuine financial difficulties to take this opportune time in updating their records with FRCA.
The FRCA is urging the taxpaying public to take advantage of this limited-time opportunity to update all their tax filing and payment of outstanding taxes within the tax amnesty period, June 30, 2017 to December 31, 2017, with applicable tax payments in exchange for forgiveness of all penalties, excluding audit penalties, without any prosecution. Read more…
