Fiji Revenue & Customs Services, 11 July 2018 – In this week’s article we look at how the Fiji Revenue & Customs Service (FRCS) continues to move towards digitalizing its processes. In order to improve tax payer services and enhance ease of doing business the Revenue & Customs has introduced electronic lodgments, payments and communications. To ensure that all taxpayers are compliant with the tax laws – FRCS wants to provide the easiest and simplest way to compliance. The introduction of Electronic Provisional Tax (ePT) system ensures accuracy of income and tax reporting, payment, reliability of information, consistency and timeliness.
The ePT system was introduced in September of 2017 and is mandatory for all registered Provisional Tax payers to ensure that they are compliant with the new electronic filing system. However, registered Provisional Tax payers are required to lodge monthly Electronic Provisional Tax files from January 2017 onwards and not from September to ensure that full calendar year details are captured in the system. Read more…
