SUNBIZ

Concerns Over Tax Laws Raised In North

Concerns over capital gains tax, fringe benefit tax and company taxes were raised by the residents of the northern division yesterday. These issues were raised during the public hearing session
07 Oct 2015 10:40
Concerns Over Tax Laws Raised In North
Parliamentary Standing Committee on Justice, Law and Human Rights chairman Ashneel Sudhakar. Photo: Shratika Naidu

Concerns over capital gains tax, fringe benefit tax and company taxes were raised by the residents of the northern division yesterday.

These issues were raised during the public hearing session on the Income Tax Bill at Macuata House in Labasa.

The Parliamentary Standing Committee on Justice, Law and Human Rights and the Fiji Revenue and Customs Authority (FRCA) addressed the concerns.

Committee chairman Ashneel Sudhakar said queries were raised on the methods and calculation of the capital gains tax.

He added other similar issues were raised and were addressed by the experts from FRCA and committee members.

 

Scrutiny

The committee has received submissions from people of Bua, Labasa and will be in Savusavu today.

Mr Sudhakar said once all submissions have been made the team will have Committee Scrutiny process.

He explained: “The Committee Scrutiny will take place on Friday. This is where we take a closer look at the submissions and address the changes.

“However, next week we will undertake a public hearing sessions in Suva then conduct the Committee Scrutiny before presenting to the Parliament in November.”

The standing committee consists of Lorna Eden, Alvik Maharaj, Anare Vadei and Salote Radrodro.

Feedback: shratikan@fijisun.com.fj

 



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