SUNBIZ

VAT System Being Made More Efficient

The Minister for Finance, Aiyaz Sayed-Khaiyum, has been tasked to investigate how our Value Added Tax (VAT) system can become more equitable, transparent and efficient. Prime Minister Voreqe Bainimarama highlighted
18 Apr 2015 09:52
VAT System Being Made More Efficient

The Minister for Finance, Aiyaz Sayed-Khaiyum, has been tasked to investigate how our Value Added Tax (VAT) system can become more equitable, transparent and efficient.

Prime Minister Voreqe Bainimarama highlighted this yesterday as he opened the Fiji Revenue and Customs Authority-organised CEOs Forum at the Holiday Inn Suva.

“For too long in Fiji, there has been a culture in certain business circles not to minimise tax – which is legal – but to avoid tax, which is against the law and will not be tolerated,” he said.

“A case in point is the large number of retail stores that are either transfer pricing or filing false VAT returns to unscrupulously take advantage of the provision of VAT exemption on basic food items.

“There is only one way to describe this behaviour – robbery.

“And you are not only robbing the Fijian Government, you are robbing the Fijian people because you are depriving them of revenue that is rightfully theirs.”

Mr Bainimarama stressed the issue of taxation doesn’t have to be one of confrontation or unpleasantness between tax collectors and taxpayers.

“It is about Promoting Partnerships for Progress,” he stated.

“The progress we will all see if we can raise the tax that people legitimately owe and provide more of the services that have already transformed the lives of many ordinary Fijians.

“We are all partners in our collective mission to make Fiji great – whether it is Government or private sector groups.

“We can all have relationships marked by civility, respect and even a degree of warmth when we realise that by working together as Team Fiji, we are building the nation we all know we can be.”

Feedback: jyotip@fijisun.com.fj

 




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