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FEA, FRCA Sign Deal To Share Information

  The Fiji Electricity Authority and Fiji Revenue and Customs Authority have signed a memorandum of understanding for information sharing. The agreement signed yesterday is expected to enhance the business
03 Dec 2015 10:13
FEA, FRCA Sign Deal To Share Information

 

The Fiji Electricity Authority and Fiji Revenue and Customs Authority have signed a memorandum of understanding for information sharing.

The agreement signed yesterday is expected to enhance the business operations of both the organisations and improve coordination of data/information sharing.

It will contribute to strengthen the efficient and timely access of information.

FRCA outgoing chief executive, Jitoko Tikolevu, said they will now be able to extract updated and current information from FEA in relation to taxpayers.

He said FRCA can utilise this information to track those who are evading taxes for some time now.

“The information/data received from FEA will also strengthen our tax compliance,” Mr Tikolevu said.

“There may be some taxpayers out there conducting businesses but are not registered with us. Through this MOU, we will be able to locate them by matching their information from FEA database to ours.”

Mr Tikolevu said there is a wealth of information with FEA including those on individuals, residences and corporate entities.

Under the Tax Administration Decree 2009, the FRCA chief executive has powers to obtain any and all information pertaining to taxpayers as and when required.

 

Benefit for FEA

FEA chief executive, Hasmukh Patel, said the agreement will assist FEA in updating its customer database.

“It will assist with the registration of customers who qualify for the Government subsidy for electricity that was announced in the 2016 National Budget,” he said.

“The Government subsidy threshold for electricity has increased from 85kWh per month to 95kWh per month for domestic customers.

“This subsidy will only be applicable for domestic customers with a combined household income of less than $30,000 per annum and usage of less than 95kWh of electricity per month.

“I think it is very important to work hand-in-hand with FRCA and then we will be able to implement this budget option that has been put forth by the Government.”



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