Tax Amnesty ends this month
The Fiji Revenue and Customs Service (FRCS) wishes to advice members of the Public that the Tax Amnesty currently underway will end in two weeks’ time (31st December 2017).
Tax Amnesty by FRCS includes waiver of penalties on registration, outstanding returns and tax payments, for any taxable period prior to 31st December 2017, provided taxes are fully paid and outstanding returns are lodged before the end of the amnesty period.
“The amnesty program which began on 30th June 2017 is aimed at providing relief to taxpayers with annual gross income of less than $1.5m, from the burden of penalties and to assist those who face genuine financial difficulties to take this opportune time in updating their records with FRCS,” Chief Executive Officer Mr. Visvanath Das said.
“We urge the Taxpaying Public to take advantage of this limited-time opportunity to update all their tax filing and payment of outstanding taxes within the tax amnesty period with applicable tax payments in exchange for forgiveness of all penalties, excluding audit penalties, without any prosecution.”
Penalties that qualify for waiver includes – Late Lodgment [LLP], Late Payment [LPP], Failing to Maintain Proper Records and penalties for Insufficient Advance Payment Penalty (IAPP). These will be waived once principal taxes are fully paid and all outstanding returns lodged within the amnesty period.
“FRCS has embarked on the journey towards self-assessment and encouraging voluntary tax compliance and this is an initiative to assist those taxpayers who genuinely had challenges in the timely filing of their tax returns and cash-flow problems to meet outstanding taxes,” Mr. Das stressed.
For further information and queries on the amnesty, you can call the Tax Amnesty Unit (TAU) on its toll free line: 00800 3318561. Taxpayers can also email their queries to taxamnesty@frcs.org.fj.
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For queries please contact the Stakeholder Engagement /Public Relations Department on 3243031/ 3243259.