Cabinet at its meeting on 13th January, 2009 approved the 200 percent tax deductions for contribution of $1,000 or more made to the Prime Minister’s National Disaster, Relief and Rehabilitation Fund (PM’s Fund).
Tax revenue collection in April surpassed expectations by $21.8m. “This is an all time high” said Mr. Aiyaz Sayed Khaiyum, Acting Minister for Finance. Net tax revenue collection for April totaled $113m, representing an increase of 11.2% over the same period last year. On a cumulative basis, net tax collection was higher by 1% compared to the accumulated January to April collection in 2008.
The Fiji Islands Revenue and Customs Authority (FIRCA) launched its new database today at its Suva Customs house. The Chief Executive Officer of FIRCA, in launching the database stated that globalization of trade is the driving factor in which Customs administrations will have to adapt to now and into the future.
In order to assist bus operators, Government has agreed to pay all outstanding subsidies up to 31 December, 2008. In July, 2008 Government had agreed to provide the bus operators a revenue based direct subsidy of 21.9% and to be administered by FIRCA. The subsidy was granted in view of the escalation of global fuel prices at that time.
The Fiji Islands Revenue and Customs Authority (FIRCA) under the FIRCA / Fiji Intelligence Unit (FIU) Memorandum of Understanding (MOU), will be enforcing wider investigations on suspicious transactions reported by the Fiji Intelligence Unit (FIU). This is to ensure the strengthening of compliance and combating tax evasion under the existing tax laws in Fiji.
The Fiji Islands Revenue and Customs Authority (FIRCA) in its efforts to improve efficiency and customer services at Nadi airport held a workshop in Nadi for its frontline staff as well as immigration and quarantine staff.
This year Fiji Islands Revenue and Customs Authority (FIRCA) will be joining with Oceania Customs Organization (OCO) and Ministry of Environment to co – host the International Customs Day at Customs House, Rodwell Road, on Monday 26th
January 2009 at 8.30am
“The Fiji Islands Revenue & Customs Authority (FIRCA) Board at its January Board meeting on Tuesday 20 January 2009 noted the buoyant revenue collection for 2008. Net tax revenue collection for 2008 totaled $1244.5m, surpassing the 2007 level by $10m or 0.8%, but slightly below the revised projected revenue by $3 million or 0.2%.
FIRCA wishes to advise all SALARY & WAGE EARNERS (Form S) taxpayers that due to the country’s state of emergency, it will temporarily prioritize and reduce maximum processing period for tax refunds from 4 weeks to 2 weeks from the date of lodgment of tax returns.
Fiji Islands Revenue and Customs Authority in response to a news article in today’s Fiji Times (Thursday 26th March 2009), would like to clarify that all goods stored in private bonded warehouses are subject to Customs Laws since private bonded warehouses are extended border control points.