Weather Fiji, Suva   Max 30°C, Min 23°C

Fiji Sun

SUNBIZ

Vat Monitoring System Compliant Businesses Need To Issue Fiscal Receipts

Vat Monitoring System Compliant Businesses Need To Issue Fiscal Receipts
Fiji Revenue and Customs Service chief executive officer Visvanath Das
July 26
11:56 2018

The Fiji Revenue and Customs Service (FRCS) is encouraging members of the public to request for fiscalised receipts for goods and services from those group of businesses who are regulated to issue such receipts.

These businesses include Hardware companies, Accounting firms, Medical Practitioners, Travel Agencies, Law Firms, Supermarkets and Pharmacies.

Under the Tax Administration (Electronic Fiscal Device) Regulations 2017, all accredited vendors should issue a fiscal invoice/receipt to a customer.

The Revenue and Customs Service will soon issue notices to businesses to display near their POS systems, stating that they are regulated and should issue fiscal receipts.

Fiji Revenue and Customs Service chief executive officer Visvanath Das said:  “Customers shopping at supermarkets and pharmacies which have been fiscalised should receive the new fiscalised receipts which have a QR code allowing the receipt to be scanned and verified.

“We urge customers to scan and verify their receipts using the FRCS Receipt verification app. You can download the app on your smartphone. It is free of charge and available on Google Play or Apple Store.

“Those businesses that do not currently fall within either group are also welcome to come on board earlier if they have appropriate systems in place and wish to do so. It will be a requirement in the near future that all business will need to be compliant.”

A free Point of Sale (POS) application is also made available by Revenue and Customs and is compatible with smartphones and tablets (Android and IOS phones) and can be used by small businesses. However, this is only ideal for small businesses.

The VAT Monitoring System (VMS) was launched in 2017 and to date, the Revenue and Customs have accredited 16 POS systems and external sale devices.

Businesses who need assistance with becoming compliant can refer to the Step-by-Step Instruction Guide which is also available on our website www.frcs.org.fj.

We also encourage consumers to call our hotline on 1326 to report cases where they do not receive fiscalised receipts and provide the names of businesses as well as a copy of the receipts or invoices received.

Taxpayers can also email their complaints and receipts on EFD compliance@frcs.org.fj

Feedback:  maraia.vula@fijisun.com.fj

Share

Related Articles

you said it
"I support it 200 percent, I am with FRU, the country and the people of Fiji. We want to bid to get one of the HSBC stops in Fiji."
Waisale Serevi
Sevens Legend

Latest Photo Gallery

Fijisun Online @Instagram