I don’t have a Taxpayer Identification Number (TIN) and would like to know of the requirements for registration. I’ve just started working with a company as a sales rep and would be earning FJ$15,600 per annum.
Effective from 01st January 2013 is the PAYE Final T
ax, therefore you will not need to lodge an income tax return unless:
- you have 2 or more employments during a year and total income received is above $16,000.00
- Where an employee receives a demand notice from the Commissioner to lodge a return
However, if the company engages your services on a contractual basis then you should be registered as a provisional taxpayer. The company is then obliged to deduct 15% provisional tax.
The completed form can be lodged at any of our Customer Service Centres and you will be issued with a FNPF/FRCS Joint ID card after your application is processed.
What are FRCS’s requirements for Ticket Lottery registration?
The requirements for registration are:
- A copy of the approval from the District Officer’s Office
- Completed form for ticket lottery registration (Form IRS007)
The expected gross sales and contract/agreement with the performing artist needs to be submitted. Registration and return should be done on Form IRS214.
Where should I send my form?
For income tax purposes:
- drop it at any Customer Service Centre (CSC).
- you can send it through the post, certified copies of proof of identity documents need to be provided.
For VAT purposes:
- At the Customer Service Centre nearest you, so that a site inspection can be done.
How soon will I receive my TIN or FNPF/FRCS Joint ID card?
Your TIN or Joint FNPF/FRCS ID Card could be issued instantly if you lodge your application with all requirements at one of our Customer Service Centres.
When can Income Tax & VAT registration be cancelled?
- when a person will not be deriving any more income in Fiji or abroad (e.g. migration, death, final retirement, cessation of business).
- when the level of taxable supplies excluding exempt supplies in a year is below the turnover threshold of FJ$100,000 for goods and/or services and the person has been registered for at least twelve (12) months may apply for de-registration.
- a produce supplier and any person that has registered in error (e.g. exempt supplier) can apply for de-registration at any time.
Upon cessation of business and where all assets retained have been accounted for in the last return and/or a final audit is completed. A formal de-registration letter will be issued once the Chief Executive Officer is satisfied that all tax matters have been finalised.