MOU FOR INFORMATION EXCHANGE

A Memorandum of Understanding (MOU) was signed between the Fiji Revenue and Customs Authority (FRCS) and the Pacific Islands Tax Administrators Association (PITAA) on Wednesday to exchange vital information and resources to improve Tax compliance.

The MOU will enable both organizations to share information and resources to deal with taxation issues not only in the country but at a regional level as well. It will improve the co-ordination of data and information sharing and will contribute to strengthening the efficient and timely access of information.

“Partnership between taxpayers and the tax administration also plays an important role in voluntary tax compliance. We have implemented various tax compliance strategies and reforms like PAYE as final tax and VAT Self-Assessment and we continuously measure the effectiveness of these reforms,” Mr. Das said.

“We at FRCS believe that information sharing is a way to move forward in terms of tax compliance. We have similar MOU’s with the Fiji Electricity Authority, I-Taukei Affairs Board, Bio-Security Authority of Fiji, Financial Institutions, Fiji Police Force and the Real Estate Licencing Board.’’

Head of PITAA Secretariat Ms. Koni Ravono said the agreement allowed the Secretariat to tap into the vast information database already established with the Fiji Revenue & Customs Authority to share with its members.

Members of PITAA are Cook Islands, Federated States of Micronesia, Fiji, Kiribati, Nauru, Niue, Palau, Papua New Guinea, Republic of the Marshall Islands, Samoa, Solomon Islands, Timor-Leste, Tokelau, Tonga, Tuvalu and Vanuatu.

“Through this MOU, FRCS together with other leading tax administrations in the region, will play an instrumental role in the development and strengthening of tax administrations in the region,” Ms. Koni Ravono said.

END
For queries please contact the Public Relations Department on 3243031/3243505.

Caption: FRCS CEO Mr. Visvanath Das and PITAA Head of Secretariat Ms. Koni Ravono signing the MOU.