FRCS on track to meet $3.37b revenue target after strong 11-month collections

The Fiji Revenue and Customs Service (FRCS) has collected $3.226 billion in net revenue with one month remaining in the 2025–2026 financial year, placing the Government on track to meet its $3.37 billion annual revenue target.

The 11-month collections represent 95.7 per cent of the annual target and are $156.9 million (5.1 per cent) above the year-to-date forecast and $52.3 million (1.6 per cent) higher than the same period last year.

In June alone, FRCS collected $430.1 million, exceeding the monthly forecast by $75.8 million (21.4 per cent) and surpassing June 2025 collections by $49.6 million (13 per cent).

FRCS chief executive officer Udit Singh said the results reflected the resilience of Fiji's revenue base despite global and domestic economic pressures.

"The Reserve Bank has recently highlighted a more cautious outlook for economic growth due to global uncertainty, higher fuel prices and geopolitical developments. Against that backdrop, these results are encouraging and reflect the resilience of Fiji's taxpayers, businesses and the broader economy."

The strongest contributors to revenue growth were Company Income Tax, Pay As You Earn (PAYE) and Value Added Tax (VAT), supported by positive performances in Excise Duty, Capital Gains Tax and Departure Tax.

Mr Singh said the strong performance was driven by more than higher prices.

"While imported inflation and higher prices have contributed to growth in some revenue lines, the overall performance has been driven by a combination of genuine economic activity, resilient businesses, sustained employment and stronger tax compliance. At FRCS, we have continued to strengthen intelligence-led compliance, debt recovery, audit programmes and digital risk management, ensuring a fairer and more effective tax system."

He said FRCS had also continued to process legitimate taxpayer refunds efficiently, with refunds accounting for 8 per cent of gross revenue, supporting business cash flow while protecting the integrity of the tax system.

Looking ahead, Mr Singh said FRCS would continue monitoring domestic and international economic conditions.

"The coming months will provide a clearer picture of how businesses and households respond to recent fuel supply challenges and ongoing global headwinds. While the economic outlook remains cautious, the strength of revenue collections over the first eleven months provides confidence that Fiji enters the new financial year from a solid fiscal position."

Mr Singh thanked taxpayers, employers, importers, exporters, customs brokers and the wider business community for their continued compliance.

"These results reflect the partnership between FRCS and Fiji's taxpayers. Every dollar collected supports essential public services, national infrastructure, education, healthcare and economic development. We thank all compliant taxpayers for the important role they play in building a stronger Fiji."