Business | SUNBIZ

$3.2b Loss In Tax Revenue: President

Top executives meet this weekend in an “open and safe space” to discuss is­sues under the theme Strategies, Syn­ergies, Solutions For Sustainable Recovery 2030, after President Ratu Wiliame Katoni­vere officially opened the annual event on Thursday.
26 Nov 2022 12:56
$3.2b Loss In Tax Revenue: President

Top executives meet this weekend in an “open and safe space” to discuss is­sues under the theme Strategies, Syn­ergies, Solutions For Sustainable Recovery 2030, after President Ratu Wiliame Katoni­vere officially opened the annual event on Thursday.

In his address to the 270 registered mem­bers at the Top Executive Conference 2022, Ratu Wiliame described the roomful of ex­ecutives as Fiji’s distinguished intellectu­als.

The two-day event is held at Shangri-La Ya­nuca Island, Coral Coast, Nadroga.

Ratu Wiliame highlighted losses amount­ing to $3.2 billion in tax revenue owed to the COVID-19 pandemic.

“Fiji recorded its largest ever economic contraction of 17.2 per cent in 2020, with a further four per cent contraction in 2021, due the second wave,” he said.

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