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Analysis: Paying Taxes Today Among Lowest In History

The personal and corporate tax rates Fijians pay today is among the lowest in the country’s history. From 1974 to 1985, if you earned $600 a year, you were paying
29 Aug 2018 12:11
Analysis: Paying Taxes Today Among Lowest In History

The personal and corporate tax rates Fijians pay today is among the lowest in the country’s history.

From 1974 to 1985, if you earned $600 a year, you were paying Pay as You Earn (PAYE) or its equivalent in taxes! And, the maximum tax rates were 50 per cent.

Today, you only pay income tax if you are earning more than $30,000 and the maximum you pay is 20 per cent depending on your salary.

When corporate taxes were introduced in 2000, a business was paying 35 per cent in tax. Today, they pay 20 per cent. The VAT Fijians pay today is also the lowest since 1992. Despite the taxes being the lowest in Fiji’s history, our tax collection has tripled since 2005.

This has been made possible through smart and targeted taxation.

Edited by Naisa Koroi




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