Fiji Times Wednesday 24 May 2017 FIJI Revenue and Customs Authority (FRCA) continues to work with the Fiji Hotel and Tourism Association (FHTA) as they strengthen their relations in terms of capacity building and identifying risk areas on revenue leakage for both the hotel industry and for the Government.
Short Life Investment Package (SLIP)
New hotels are allowed a four-year tax holiday for capital investments not less than $7 million.
They would also be granted duty exemption on the importation of all capital goods (including capital equipment, plant and machinery) not available in Fiji.
However, this does not include furniture or motor vehicles that are used to set up the business.
Short Life Investment Package (SLIP) incentives is also available for retirement facilities, hospital resorts and new apartments.
For apartments the length of stay should not be more than six months.
Recipients of the provisional approval for SLIP shall complete the project within two years from the date the provisional approval was granted. Read more…
