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Estate Agents To Work With Entities Like Revenue And Customs: Finau

Estate Agents To Work With Entities Like Revenue And Customs: Finau
September 23
10:00 2017

Permanent Secretary for Lands and Mineral Resources, Malakai Finau said real estate agencies should work closely with entities like the Fiji Revenue and Customs Service.

He added this is to establish mutual areas of understanding specifically in the exchange of information and data.  “As well as the regulatory mechanisms already in place that you should be aware of and hopefully will draw out assistance from as you deliver your practice.”

This Fiji Revenue and Customs Service chief assessor capital Gain Tax and Stamp Duty, Mohammed Hanif said real estate business had a multiplier effect on the economy.

While speaking at the Real Estate 2017 National Consultation workshop at Tanoa International Hotel in Nadi yesterday, he said that the industry had played a very important role in Fiji’s economy.

Mr Hanif also called on support of stakeholders that would enable them to deliver the services expected from them.

He added some the of challenges they faced in the industry varied which included property sales being conducted out of Fiji and offshore settlement not properly declared.

In terms of monitoring, Mr Hanif said it was a complex industry.

He said that they usually get assistance and information from third parties through their whistle blowing policy.

“We get complains everyday through whistle blower on various sectors and you are part of it,” Mr Hanif said.

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