Tax Discussion At Breakfast Session
The evolution of the Fiji tax system, recent changes, the new Income Tax Act, Tax Incentives and the Black Economy were discussed at the Fiji Chamber of Commerce & Industry (FCCI) breakfast networking session.
The session was held at the Grand Pacific Hotel in Suva, sponsored by Vodafone Fiji, and the topic of discussion for the session was “Tax Incentives and the 2017 Budget”.
The presenter, Fiji Revenue & Customs Authority acting general manager Taxation, Fazrul Rahman said the Fijian tax system has been subjected to various reforms as announced in the recent national Budgets.
He said the overall objective was to achieve simplification in the tax system along with positioning Fiji as an attractive tax jurisdiction.
These reforms, according to Mr Rahman have culminated into various new laws and practices by the FRCA.
The FCCI provides a forum for businesses and other organizations to examine and better comprehend the nature and significance of the major shifts taking place in the Fijian economy.
It aims to promote a positive environment for business, serving as a bridge between the private sector, government and various stakeholders, active in economic development.
The FCCI plans to hold regular sessions for its members and interested parties on current and trending issues of interest.
Source: FIJI CHAMBER OF COMMERCE