Taxation Business FAQ’s

Registration
Assessable Income
Allowable Deductions
Tax Payments
Returns Lodgement
VAT Supplies
VAT Exempt Supplies
Zero Rated Supplies
Service Turnover Tax
Employers
Fringe Benefits Tax
Social Responsibility Tax
Telecommunications Levy
Credit Card Levy
Third Party Insurance Levy

 

Returns Lodgment

Are cooperative societies required to lodge tax returns and when are they due?

Returns of cooperative societies are required to be lodged annually and this should be done within three (3) months from the end of the fiscal year.

I am only receiving rental income and my annual net income is below FJ$16,000. Am I required to lodge income tax returns?

Since you are earning below the tax threshold of FJ$16,000 you are not liable to pay any tax but you are still required to lodge a business tax return under the Income Tax Act

What is the due date for lodgement of VAT and income tax returns?

Monthly, quarterly and annual VAT returns should be lodged by the end of the month following the end of the taxable period.

Monthly VAT Returns

Month Ending Due Date for Lodgement
31 August 2014 30 September 2014
31 July 2014 31 August 2014
30 June 2014 31 July 2014

 

3 Monthly VAT Returns

Period  Ending Due Date for Lodgement
July – September  2014 31 October 2014
April – June 2014 31 July  2014
January – March 2014 30 April 2014

 

Yearly VAT Returns

Year Ending Due Date for Lodgement
31 December 2012 31 January 2013
31 December 2011 31 January 2012
31 December 2010 31 January 2012

Income tax returns should be lodged by the 31 of March each year for business taxpayers other than companies. Company income tax returns on the other hand should be lodged within three (3) months from the end of the fiscal year.

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HEAD OFFICE LOCATION

CONTACT DETAILS

Revenue & Customs Service Complex,
Lot 1 Corner of Queen Elizabeth Drive
& Ratu Sukuna Road,
Nasese,
Suva.
Phone: (+679) 3243000
Fax: (+679) 3315537
Email: info@frcs.org.fj