Fiji Sun, 07 October 2017 – The VAT monitoring system (VMS) objective is to have efficient and reliable software to encourage voluntary tax compliance and at the same time collect the much needed revenue for the Government which is currently being evaded.
The VMS software which will be linked to the company’s cash registers will provide real time data to FRCS on total company sales and the amount of VAT collected.
This initiative is in line with Government’s objective of implementing efficient and reliable systems to stop tax evasion. Below is the information you can use. Read more…
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