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Search Results Oct 22, 2012
2016/2017 BUDGET
A consignment is a private importation if imported by an individual person for personal use.
2016 BUDGET
The good(s) should not be for sale or to be used for commercial purpose(s).
2016 TAX AMNESTY
An importer includes an owner or his agent, or any other person for the time being possessed of or beneficially interested in, any goods at the time of the importation there
2015 BUDGET
Concession Provision
CIS 2017/2018
Goods imported by private individuals through parcel post or air freight, will not be dutiable if the value is less than FJ$400, as provided under concession code 212 of page 789 of the
CIS 2016
When Duty is Applicable If value of importation is more than FJ$400, your duty will be charged on the full amount.
CUSTOMS FAQ’S
The Customs Officer at the station will assist you on how much to pay and how to clear your goods.
DEPARTING FIJI
Refer below for various types of clearance requirements.
DOING BUSINESS IN FIJI
Imports Via Air or Sea
ECAL FORMS
Shipping companies, airlines, or freight forwarders will usually provide arrival papers (such as the bill of lading, airway bill, or arrival advice) around the time the shipment is due to arrive.
EFD/VMS FIND US
You will be required to arrange any necessary permits from other agencies (such as agriculture clearances or firearms permits). You will need to provide Customs with: Tax Identification Number (TIN) registration certificate or TIN ID card
GOVERNMENT CONSIGNMENTS
Registration under Automated Systems for Customs Data (ASYCUDA) if Customs entry will be made by the importer
INFORMATION BROCHURES
permits issued from other agencies, if applicable.
JOINT ID CARD
the arrival documentation from the shipping company, airline, or freight forwarder.
MOTOR VEHICLE LANDING COST
evidence of your identity (such as your passport or drivers license). for purchases via e-mail, internet, or mail order – evidence of the value from the supplier (such as an invoice). Note: Any importation by sea freight regardless of any value will be required to pay Customs Duty and VAT. If the importer does not provide the value, then Customs will assess value in terms of WTO/GATT valuation to collect proper duty and VAT.
PAYE AS FINAL TAX
Imports Via Mail
PAYE TAX CALCULATOR
Where it is clear the importation is for a private individual and the parcel declaration contains sufficient information, the Parcel Notification Duty Entry (PNDE) will be sent to the recipient by Post Fiji.
PROVISIONAL TAX
If further information is required in order for an assessment to be made, or permits from other agencies are required (such as firearms permits), the owner will be notified at the time of clearance.
TAX TALK
Air Way Bill (AWB) While scrutinizing AWB for private packages, where there is no mention of content, value etc, the Customs
TAXATION BUSINESS FAQ’S
Officer shall stamp the AWB with Examination Requirement; the importer has to provide the necessary document for clearance.
TOURIST VAT REFUND SCHEME
AWB clearly indicates the content and value of goods, the Officer shall calculate the Value For Duty (VFD) and if the VFD is exceeding FJ$400 in the judgment of Officer, the package may not contain any other goods, the
VACANCIES
Officer shall assess the duty according to the duty rate corresponding to the classification of goods. AWB in which the VFD after calculation is found to be exceeding FJ$500, the Officer shall stamp the AWB with
VAT & CGT CALCULATOR VISITING FIJI
Customs Entry Required Stamp. The importer has to produce a Customs Entry (SAD).
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Oct 22, 2012
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There is an officer at our Helpdesk situated at the Long Room in all our ports. You can Contact Us or click here for more information.
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Single Administrative Document (SAD) What is a Single Administrative Document? It is an electronic Customs Entry form that is used for clearing cargo. How do I register a SAD? A SAD can be registered on-line through ASYCUDA. Can a Company register SAD? Yes, provided they have on-line ASYCUDA System and on the approval of the management of FRCS. FRCS will also provide the necessary training and user manual. Where can I obtain an assessment? The company or a registered broker can also do assessment on-line.
Duty Payments Where can I make my payments? The Amount of Duty payable shown on the Assessment Notice should be paid to the Customs Cashier at each port of entry. What if I am unable to access the SAD? If you are restricted from accessing the SAD, you have to lodge the SAD at the Customs Longroom. How long does it take for my SAD to be processed before I make the final payment? At least one day. What documents would I expect to receive after paying of duty and VAT? You will be issued a receipt and a Release Note. The Release Note will allow you to remove goods from Customs Control. Who can I engage to clear goods from Customs? A person can either clear goods from Customs Control on their own or engage a licensed Customs broker. List of licensed Customs brokers. What happens if my goods are marked for inspection? (Red Lane (RL): Block 11 of SAD) Upon payment of duty, the release note is not given to the Customs Broker or the owner unless and until the goods are examined. What would I need to do then? An appointment for examination is required to be made with the Examinations Section at Customs Division. What will happen after the appointment is confirmed? The owner or broker will have to pick the Examination Officer at the appointed time for inspection purposes. The goods will be released from Customs Control if the Customs officer is satisfied after completion of examination.
Brokers Obligations How much bond security do I have to pay if I open a Customs Agency? You have to pay the Fiji Revenue & Customs Service (FRCS) a customs bond amount of FJ$10,000, in accordance with Section 146 of the . How much bond security do I have to pay if I employ a Customs clerk? You have to pay FRCS a customs bond amount of FJ$1000 per clerk, in accordance with Section 146 of the . How much bond security do Airline and Shipping Agents have to pay to FRCS? Airline and Shipping Agents have to pay FRCS the total of FJ$50,000 in bond, in accordance with Section 35 of the . How much bond security do I have to pay FRCS if I want to operate a general bonded warehouse? To operate a general and private bonded warehouse for goods, you will have to pay FRCS the total amount of FJ$30,000. However, to operate a general and private bonded warehouse for motor vehicles you will have to pay FJ$100,000 in accordance with Section 38 of the . How much bond security do I have to pay FRCS if I want to operate Customs carriers? You will have to pay FRCS FJ$1000 per vehicle in accordance with Customs Regulation 131. How much bond security do I have to pay FRCS, as a manufacturer of excisable goods in order to store my goods in the factory? You will have to pay FRCS FJ$100,000 if you want to store your goods in a factory in accordance with Section 17 of the Excise Act.
Annual license fees How much license fee do I have to pay per annum to operate a Customs House Agency? You have to pay FRCS the license fee of FJ$250 per annum. I’m operating a warehouse, what would be my license fee per annum? You have to pay FRCS the license fee of FJ$1755 per annum. I have two vehicles, and I would like to transport bonded goods coast wise through HMC carrier. What is the license fee per annum? You have to pay FRCS the license fee of FJ$25.00 per annum, per vehicle. However, if you have 10 vehicles, you pay only FJ$125 per annum. What is the license fee for an excise factory? The license fee for an excise factory is FJ$500 per annum. However, if you would like to operate a warehouse in an excise factory, you have to pay FRCS another FJ$500 per annum. How much license fees do container (CFS) and air freight station (AFS) operators have to pay FRCS per annum? If they have full time officers in either of these stations, they pay a fee of FJ$4500 per annum. However, if they have part time officers in either of these stations, they pay FJ$2812.50 per annum.
Oct 22, 2012 For administrative and record keeping purposes, it is necessary to create a TIN for any person that will communicate with FRCA on a regular basis. A temporary TIN may also be issued for one-off cases. What is a TIN? The Tax Identification Number (TIN) is a unique identifier issued by FRCA to identify all categories of tax and duty payers. The use of a Tax Identification Number (TIN) helps us handle queries, trace correspondences and store information for each person that is registered for customs and tax purposes.
Purpose of the TIN A TIN is unique to each person and will be used by him/her to comply with customs and tax legislation requirements such as: lodgment of annual income tax returns. lodgment of annual summaries (persons required to deduct tax at source). lodgment of Single Administrative Documents (SADs). payment of all types of taxes. to clear goods at ports of entry. A TIN may also be issued upon request (and where the applicant does not already have one) in the following circumstances: for the purpose of opening a bank account or renewing LTA driving license. for the purpose of issuing certificate of exemption from interest withholding tax – this is presented to financial institutions .
for the purposes of issuing certificate of exemption from tax in the case of persons who will receive payments under a Contract for service. to claim for a refund of Value Added Tax (VAT) paid on a new dwelling house. to promote a lottery and account for Gambling Turnover Tax (GTT). to remit funds overseas and/or for tax clearance purposes. to account for Capital Gains Tax on the sale of property in Fiji. to account for VAT where the applicant is deemed to be a registered person. A TIN may be created in cases where a taxpayer is believed to be deriving income in Fiji or is liable to account for VAT and has not registered. How can I obtain a TIN? All new taxpayers must register to obtain a Tax Identification Number (TIN). The completed registration form must be submitted with a certified copy of your FULL birth certificate plus your Contract of employment/letter from employer and either of the following, which is the proof of identity required for all Salary & Wage earners: passsport size photo (if unemployed) driver’s license & Wheel tax certificate. FNPF card. passport. official ID card. If all the requirements are submitted, the form is fully completed and duly signed, your TIN can be issued immediately at our Customer Enquiry Centre.Once you receive your TIN you should quote it in all correspondence and communication with FRCA. To enable our staff to process your application promptly, you must fill all the relevant spaces on the form, make sure the information is correct and sign the declaration. If you do not provide the correct information, we may not be able to process your return correctly and this will lead to delays and rework. The TIN is issued as soon as all verification checks have been completed. Once you receive your TIN you should quote it in all correspondence and communication with FRCA. You should not disclose your TIN to any person (except where required for income tax purposes) or allow another person to use it to make enquiries on your behalf. Your TIN & the secrecy provisions The TIN is intended to protect the identity of taxpayers. When making enquiries on your tax account you should produce your TIN and some form of personal identification. Under the provisions of the Income Tax Act and Value Added Tax Decree, the Commissioner is not permitted to reveal or disclose any information relating to the income of any person unless where provided for under the Customs and Tax legislations. You should not give your TIN to anyone to make enquiries on your behalf. Duplication of TINS In the circumstances of a person having 2 or more TINS, please contact our
at the earliest
to rectify the incorrect TIN(s).
FRCA Contacts
Oct 22, 2012 The primary basis for Customs value under the Agreement is “transaction value” as defined in Clause 2 of the Customs Tariff Act 1986 which is to be read together with Clause 3 which provides, interalia, for adjustments to the price actually paid or payable in cases where certain specific elements which are considered to form a part of the value for Customs purposes are incurred by the buyer but are not included in the price actually paid or payable for the imported goods. Clause 3 also provides for the inclusion in the transaction value of certain considerations which may pass from the buyer to the seller in the form of specified goods or services rather than in the form of money. Clause 4 to 8 in Part 2 of the Customs Tariff Act provide methods of determining the Customs value whenever it cannot be determined under the provisions of Clause 2. Where Customs values cannot be determined under the provisions of Clause 2, it is to be determined by proceeding sequentially through succeeding Clause to the first such Clause under which the Customs value can be determined. Except as provided in Clause 11 of Schedule 1 of Part 1 of the Customs Tariff Act, it is only when Customs value cannot be determined under the provisions of a particular Clause that the provisions of the next Clause in the sequence can be used. If the importer does not request that the order of Clauses 4 and 5 be reversed, the normal order of the sequence is to be followed. If the importer does so request but it then proves impossible to determine the Customs value under the provisions of Clause 4, the Customs value is to be determined under the provisions of Clause 5, if it can so be determined. Where the Customs value cannot be determined under the provisions of Clause 2 through to 6, it is to be determined under the provisions of Clause 7.
Why is Customs Valuation Needed? Customs value is a fundamental aspect of: the collection of duties and taxes. trade statistics. quota agreements and licensing. The final objective is a universal valuation system based on simple and equitable criteria consistent with commercial practices.
Specific and Ad Valorem Customs Duties Customs duties can be either on specific or ad valorem terms or as a combination of the two. Specific duty – a concrete sum is charged for a quantitative description of the good, (e.g. FJ$1 per item or per unit). The Customs value of the good does not need to be determined, as the duty is not based on the value of the good but on other criteria. In this case, no rules on Customs valuation are needed and the Valuation Agreement does not apply. Ad valorem duty – depends on the value of a good. Under this system, the Customs valuation is multiplied by an ad valorem rate of duty (e.g. 5%), in order to arrive at the amount of duty payable on an imported item.
General Agreement on Tariffs and Trade (GATT) The General Agreement on Tariffs and Trade laid down the general principles for an international system of valuation. It stipulates that the value for Customs purposes of imported merchandise should be based on the actual value of the imported merchandise on which duty is assessed, or of like merchandise, and should not be based on the value of merchandise of national origin or on arbitrary or fictitious values.
Oct 18, 2012 The Corporate Services Division performs the following functions of the Authority:
Human Resources recruiting the right people to fill the vacancies identified as and when the need arises. maintaining a harmonious working environment. monitor and ensure compliance with Human Resource (HR) Policies, Procedures and Directions, the OHS Legislation and the FRCA Collective Agreement. enforcement of the Code of Conduct and discipline in staff. maintaining the HR CHRIS System and updating HR records. secretariat to the FRCA Staff Board, which includes the responsibility of preparing, papers and researching issues required by the Staff Board.
Training & Development coordinating in-house, external and overseas training. facilitating staff’s training needs. compiling staff’s applications for further training and submission to the Training & Development Committee. secretariat to the Training & Development Committee, which includes the responsibility of preparing papers for discussion and research required by the Committee. publicize ‘Expressions of Interest’ for external and overseas training. Managing FRCA’s library Coordinating e-learning
Records Management The Records Management Unit (RMU) is responsible for all documents and records that come into the organisation or are sent out to stakeholders. These records will in future be used as evidence for tax collection purposes. The unit has the responsibility of recording and storing these documents and files. RMU has three main functions which are; File creation, File Archival and File retrieval. File creation involves entering of taxpayer information and registering of documents into the Electronic Document software, TRIM. The locations of the files and documents are changed in the system if and when the files are requested by FRCA officers for actioning or other taxation purposes. Archiving involves creating a retention schedule for returns and other taxpayer documents. Returns and files are kept at the Nasese RMU file room for only past seven years. The returns/documents older than seven years are archived in the TRIM system, and then a separate physical file is created and sent to the Nakasi Offsite storage. Retrieval of files is performed when officers request for files and returns. This process involves searching for file/ documents on TRIM and a physical search in the file room, changing of location on TRIM, filling a file movement sheet and delivering to the officer who requested for it.
Board Secretariat provides secretariat and support services to the Board and Board subcommittees, which includes minutes recording, maintenance and distribution, and compilation and circulation of minute agenda and papers. Furthermore, liaise with management on implementation of Board decisions. plan and arrange any functions, meetings or events for the chairman or the entire Board as required. coordinate and oversee the director induction programme and rolling professional development program for each director. facilitate FRCA’s corporate governance processes. prepare policy papers when required.
Policy, Economic Analysis & Research Section Policy Advice Aside from providing advice and recommendations on various Taxation and Customs related matters to internal and external stakeholders, the Unit is heavily involved in the formulation of the National Budget. One of the important responsibilities pertaining to the National Budget was analyzing the revenue implications of the private sector submissions, in-house submissions and other revenue measures proposed by Government. A part of this work included the preparation of Cabinet Papers with the proposed legislative framework and the Minister’s Speech for Cabinet. The Unit was also involved in the Minister’s Budget Address, Pre-Budget Lock-up, the Budget Supplements, Post-Budget session with the relevant stakeholders and the Promulgation of the 2012 Budget.
Economic Modeling & Analysis The Unit’s main focus is the forecasting and analysis of revenue forecasts. In conjunction with the Ministry of Finance the Unit undertakes the forecasting of Tax and Customs revenue for the National Budget every year. With the demand for more in-depth analysis on revenue measures the role of predicting revenue impacts and forecasting is gaining more prominence. The Unit is constantly working towards developing better forecasting models and expanding the scope of its forecasting activities. Data, revenue performance press releases, monthly Revenue Board Papers and Policy papers are also prepared as and when required for relevant internal and external stakeholders.
International Matters The Unit continues to be involved in international trade matters, providing advice on Taxation and Customs matters to Government’s Trade related Committees. Some of the major tasks undertaken in the year included: Advising management on strategies relating to International Agreements including World Trade Organization, World Customs Organization and other Conventions; Providing policy advice and participating in Fiji’s second Trade Policy Review; Evaluating FRCA’s obligations under different Free Trade Agreements; Monitoring and evaluating fiscal impacts of trade agreements; Representing FRCA on local and international meetings and committees; Ensuring that decisions on meetings are disseminated to relevant internal and external stakeholders; and Coordination with international organizations such as WCO, Tax and Customs Administration worldwide, Forum Secretariat, WTO and Fiji Embassies abroad.
Public Affairs and Marketing The Unit’s key objective is to provide promotion and marketing of FRCA’s business to all stakeholders. It releases an internal, monthly newsletter which is posted on the intranet. The ‘Info-Link’ newsletter links the various Divisions and updates staff on the various events and issues currently happening and being discussed within the Authority. The Unit is also responsible for identifying and recommending new advertising/awareness for FRCA business, creating customer awareness programs, preparing news releases and liaising with news media outlets.
Research, Planning and Policy Development The Unit contributes to FRCA’s statutory planning and reporting responsibilities through the provision of timely and contemporary range of research and development activities. In 2011 it reviewed the Statement of Corporate Intent, and the Corporate Plan. As required by the FRCA Act the 2012– 2017 Corporate Plan was submitted to the Minister for Finance. The RPPD Unit is also responsible for compiling the Organizations’ Half-Year and Annual Reports. It assists Divisions in the preparation of their Business Plans, which are used for the purpose of monitoring performance during the course of the year. In 2011, a major achievement was the entering of FRCA into the Service Excellence Awards and winning an Achievement Level Award. The RPPD officers represent Corporate Services Division in the Reforms team. The team assists Customs Border Control with administering the Tourist VAT Refund Scheme. The team has also been assisting the tax division in the registration of TIN numbers in roadshows/ expos and in response to requests received through the CEO or the General Manager Taxation.
Internal Assurance The Internal Assurance Section ensures that principles of good governance, transparency and integrity are maintained and promoted at all times by employees and Executive Management. The section performs the following functions of the Authority:
Ethical Standards Unit develops and implements an ethical code of conduct in compliance with the FIRCA Conduct & Discipline Regulations 2002. identify and investigate corrupt activities within the Authority. respond to complaints registered against employees for non-compliance with the Code of Conduct. Conduct special investigations required by the office of CEO and the Board.
Risk Management maintain and update consolidated risk register compiled in 2006. conduct risk management workshops. facilitate compilation of risk treatment schedule and plans for all divisions of the Authority. facilitate implementation of Corporate Services Division Risk Treatment Plan and Schedule.
Internal Audit Support the governance responsibilities of oversight, insight and foresight. Good public sector governance involves internal auditing of the way public resources are managed. Internal audit provides an unbiased, objective assessment to ensure that public resources are responsibly and effectively managed to achieve intended results. Internal auditing is carried out in accordance with an annual internal audit plan. Audits are undertaken on the operational activities of the department as well as the financial resources and information and communication technology (ICT) resources of the Authority.
Finance Services The Finance Section is responsible for two key areas; Accounts and Projects/Properties. The Section continuously seeks to improve provision of its services. This can be seen through various changes such as the inclusion of capital project management within the Division’s functions, centralizing vehicle management, and setting up a framework for better management of fixed assets. With regard to accounts, the focus is mainly on e-processing. These changes will assist the Section to better manage the annual budget for its operating and capital costs as well as improve financial accountability and governance of its capital resources.
Information Technology The Information Technology (IT) section provides leadership and advice to the Authority on issues surrounding computing, information system, telecommunication, electrical and automation of matured business processes. The Section manages all information technology and communications infrastructure for the entire authority, and is involved in all projects related to Information and Communications Technology. The IT Section aims to build a secure, robust, dynamic and comprehensive technology infrastructure, maintain an efficient and effective operating environment, and deliver quality and timely support services in order to achieve FRCA’s corporate objectives.
Legal The Section provides legal advice in tax and customs matters. It also provides advice on staff and corporate matters. The Section undertakes a wide range of litigation in all Courts and Tribunals of Fiji. It also prosecutes internal disciplinary matters and appeal board cases. Legislative drafting is also another core activity conducted by the Section. The Section, amongst other things, aims to contribute to a successful collection of revenue in the form of taxes and customs duties. It also helps in increasing compliance with FIRCA administered laws.
Oct 18, 2012 Introduction The revenue collection arm of the Taxation Division is the major operational section that is responsible for collecting revenue for the government. It is responsible for processing original returns lodged by taxpayers and facilitating all related release of refunds and receipting of tax payments by taxpayers. The specific functions of the Units within Revenue Collection are detailed further below. Revenue Collection Organization Structure Stamp Duties Unit The Stamp Duties Unit was a new unit which was transferred to FRCS effective from 1 April, 2011. What services are provided by Stamp Duties Unit? The main functions of the Unit, which is also located at our Customer Service Centre’s, are as follows: To attend to all general enquiries To assess legal documents. To process conditional exemption, refinancing and refund applications. To attend to waiver of stamp duties submission to the Minister for Finance. To attend to stamping of legal documents. Data Entry Unit This section handles the inputting and validating of all relevant information entered on Income Tax, VAT and other returns lodged by all categories of taxpayers. What services are provided by Data Entry Unit? The main functions of the Unit are as follows: To handle lodgment of all return types; To input data of other income and information provided in returns. To update information on the FITS database. To input data of returns received by Lodgment Enforcement Unit. To refer system problems to Information Technology section through relevant Manager & National Manager. Company Section This Section deals with the processing of company returns of income that are required to be lodged by companies in accordance with the requirements of the Income Tax Act. Taxpayers covered here are resident and nonresidents deriving income in Fiji including limited liability companies, Shipping and Insurance, taxable trusts and co-operative societies. What services are provided by Company Section? The main functions of the Section are as follows: To process returns of income for companies. To send advance tax payment reminder letters to companies. To advise of change of year balance date for company returns. To handle referrals to other units within FRCS. To deal with all FRCS business units. To direct referrals to Audit & Compliance, Legal and Information Technology sections. To attend to general enquiries. Technical Section This Section deals with the processing of business returns of income that are required to be lodged by businesses in accordance with the requirements of the Income Tax Act. Taxpayers covered here are resident and nonresidents deriving income in Fiji including sole traders, trusts, partnerships and estates. What services are provided by Technical Section? The main functions of the Section are as follows: To process returns of income for sole traders, partnerships, estates and trusts. To handle referrals to other units within FRCS. To deal with all FRCS business units. To direct referrals to Audit & Compliance, Legal and Information Technology sections. To attend to general enquiries. Processing Unit This section deals with the processing of VAT returns, Form S Returns, Commissioners Assessment, NDH refund, 1 st VAT refund audits and VSA Desk Audits. Taxpayers covered here are Form S and VAT registered taxpayers. What services are provided by the Processing Unit? The main functions of the Unit are as follows: To process registered person’s VAT returns, for 2012 and prior years. To Process Form S Returns for 2012 and prior years and also for the following scenarios: Lump sum payment Redundancy SRT Part-Year return for migration/clearance Income from 2 or more employers To approve refunds for VSA Returns, VAT returns, Form S Returns, Commissioners Assessment. To generate Commissioners Assessments as per PAYE Final Tax To process New Dwelling House Refunds To conduct First VAT Refund Audits To conduct VSA Desk Audits To deal with all FRCS business units. To direct referrals to Audit & Compliance, Legal and Information Technology sections To attend to general enquiries. PAYE & Inspection Section The PAYE team is responsible for maintaining files for all registered employers, to issue standard forms, circulars, booklets, information and instructions on matters affecting employees; to deal with complaints from employees and if the need arises to advise employers on the amount of tax to be deducted. They also reconcile the Employer Monthly Summary. The Inspection team on the other hand is responsible for the inspection of wages sheet and other documents and records for the purpose of satisfying the Commissioner that tax has been deducted and accounted for in accordance with the regulation. What services are provided by Section? The main functions of the Unit are as follows: Administration of Pay As You Earn Final Tax (PAYE), Gambling Turnover Tax (GTT), Resident Interest Withholding Final Tax (RIWT), Dividend Withholding Tax (DWT), Provisional Tax (PT), Service Turnover Tax (STT), Social Responsibility Tax (SRT), Third Party Insurance Levy (TPIL), Telecom Levy (TL) and Credit Card Levy (CCL). To maintain employer’s records. To reconcile the amounts received from employers (PAYE taxes deducted at source) with the information on the Monthly Summaries. To process applications for registration under the Employment Taxation Scheme. To process applications for a Permit under the Gambling Turnover Tax Decree 1991. To deal with PAYE issues raised by Taxpayers, Customer Service Centre and Processing Units staff. To direct referrals to Audit & Compliance, Legal and Information Technology sections To conduct inspection of employer records. To conduct compliance checks on employers.
Oct 18, 2012 Revenue Collection – Customs Our Revenue Collection Division performs the following core functions of the Service: Longroom Ensure that the correct amount of duty is collected before the goods are released from Customs control. All import/export entries are processed on a timely manner. Valuation Ensure that the correct valuation of goods is declared to Customs for duty purposes as per the WTO Valuation Agreement, which Fiji has adopted. Ships Account Ensure that all cargo that has arrived into Fiji is properly accounted & duty paid. (function shifted to the wharf) Processing of duty drawback, fuel rebates refunds, diplomatic claims and other duty refunds. ASYCUDA Maintaining National database for all Importers, Exporters and Customs Brokers and Agents. Carry out software installation, (system support) Budget amendments and company registration. Registration of Importers Codes Warehouse Oversee Customs bonded warehouse operations, approvals, inspections, licensing. Central repository of all securities, guarantees. Prepare Auction list and facilitate auction with the approved auctioneer. Tariff & Trade Provide technical advice on tariff classification of goods and concessions to various stakeholders. provide duty concession advice to Ministry of Economy. Preparation of National budget. Process advice list for all Section 10 approval to facilitate the processing of Customs entries at concessionary rate of duty For further inquiries,
Oct 18, 2012 (Replaced Land Sales Tax with effect from 1 May, 2011) What it is? Capital Gains Tax (CGT) is a tax that is levied on profits or gains realized on the disposal of capital assets, at the rate of 10%, with effect from 1 May, 2011. Capital Gains Tax is imposed and collected on a self-assessment basis and the vendor is liable for the tax. It is computed on the VAT Exclusive Price (VEP) of the capital asset. It does not apply to trading stock or assets that are not listed in the Income Tax Act 2015. Disposal includes any transaction whereby ownership of an asset is transferred from one person to another. For CGT purposes, a transfer is deemed to be made once the transfer document is stamped and cleared by Chief Executive Officer. Who it applies to? The tax applies on gains arising from disposal of taxable assets, by Fiji residents, irrespective of whether the asset is located in Fiji or not. Resident persons can claim foreign tax credit in relation to disposal of foreign capital assets if tax was paid offshore. However, for non-residents the tax only applies on gains arising from disposal of taxable assets that are Fiji assets. Registration The person who is required to comply with the requirements of the Income Tax Act 2015 should first of all obtain a Tax Identification Number (TIN). Registration forms are also available from any FRCS Customer Service Centre. Assets that are subject to CGT The following are the capital assets that attract capital gains tax upon disposal but subject to exemption and deferral provisions, as provided for in the Income Tax Act 2015: Real property, structural improvement or an interest in real property Vessels of over 100 tonnes e.g. ship Yachts Ship and Boats A membership interest in a company, security or other financial asset Intangible assets e.g. goodwill An interest in a partnership or trust An airplane, helicopter or other aircraft An option, right or other interest in an asset but does not include trading stock, depreciable asset or a business intangible Exempt Capital Gains a capital gain made by a resident individual or Fiji citizen that does not exceed FJD$16,000; a capital gain made by a resident individual or a Fiji Citizen on disposal of either the individual’s first residential property or principal place of residence; a capital gain made by a person on the disposal of shares listed on the South Pacific Stock Exchange; a capital gain made on disposal of an asset that is used solely to derive exempt income; any gain made by a person on the disposal of an interest in a company which is a trust, approved as a managed investment scheme under the Companies Act and includes a unit trust to which section 743 of the Companies Act applies; a capital gain made by a resident individual or a Fiji Citizen on disposal of his or her interest in a family home, provided that the disposal of the interest is by way of transfer to an existing joint tenant or tenant in common; a capital gain made by a resident person from the sale of shares where a private company goes through reorganisation, restructure or amalgamation for the purposes of listing or as part of a listing process on the South Pacific Stock Exchange, provided that— (i) the private company is listed on the South Pacific Stock Exchange within 24 months from the date of commencement of re-organisation, restructure or amalgamation; and (ii) where the private company is not listed with the South Pacific Stock Exchange in accordance with subparagraph (i), the gain from the re-organisation, restructure or amalgamation of the private company shall be taxable under this Act; a capital gain made by the trustee or beneficiary of a deceased estate on the disposal of an asset forming part of the estate that, if the gain had been made by the deceased on a disposal of the asset immediately before death, the gain would be an exempt capital gain to the deceased, but only when the asset is disposed of by the trustee or beneficiary within 2 years after the death of the deceased or within such further time as the CEO allows. Deferral of recognition of capital gain For the purpose of Capital Gains Tax, no capital gain is taken to arise on the disposal of Capital Assets by the transferor in any of the following cases: 1. Disposal of an asset between spouses (including partners in a de-facto relationship) as part of a divorce settlement or under an agreement to live apart. 2. Disposal of an asset by reason of the transmission of the asset on the death of a person to an executor or beneficiary of the person’s estate. 3. Transfer of a principal place of residence, first residential property, an interest in a capital asset, or shares in a company, by reason of love and affection between spouses (also includes the de-facto relationship), siblings, parents to children and vice versa, and grandchildren to grandparents and vice versa. 4. Disposal of an asset by reason of loss, destruction or compulsory acquisition of the (referred to as the “replaced asset”) if the consideration for the disposal is reinvested by the recipient in an asset of a like kind (referred to as a “replacement asset”) within one year of the disposal or within such further period as the CEO allows. However, the transferee may be liable for Capital Gains Tax should it be disposed at a gain at a later date. Accounting for Capital Gains Tax A Capital Gains Tax return must be filed within one month after the disposal of the capital asset regardless of gain or loss made except for disposal of shares listed on the South Pacific Stock Exchange (SPSE). The related Capital Gains Tax payment should be made within one month after the disposal of the capital asset. Failure to lodge CGT returns and make necessary payments will render you liable for penalties. Capital Gains Tax returns lodged late will attract late lodgment penalty of 20% on the amount of CGT payable. Capital Gains Tax paid late will attract late payment penalty of 25% on the amount of CGT payable. Lodging of Capital Gains Tax Return & Supporting Documents It is mandatory for the solicitor, accountant or the vendor to lodge the following documents with FRCS to facilitate the processing and issuance of a Capital Gains Tax certificate. The following documents shall be lodged together with the Capital Gains Tax return.
Refer to the Capital Gains Tax Practice Statement No.34/2016 for more information
The application and Capital Gains Tax return is to be lodged with the assessing officers located at the in Suva. Capital Gains Tax returns can also be lodged in other FRCS offices but these will then be sent to Suva for processing. Further information: For more information please email
Oct 18, 2012 How do I register? General Registration Requirements (Proof of Identity) All businesses who should register with FRCA must complete the standard registration form. You are to complete either of the following: An
if you are a Sole Trader. The form is for
registration of the following: sole traders (i.e. people who carry on a business as self-employed) partners in a partnership. beneficiaries (i.e. people who receive income from a trust or estate). investment income earners (people who receive income from rent, interest, dividends, etc.), who now pay or will pay provisional tax.
You must submit one of the following together with your business license and birth certificate when registering:
An . The form is for registration of these types of businesses wishing to register for tax purposes: a partnership. a trust (including a unit trust). an estate of a deceased person. a charitable organization or non-profit body. a company whether public or private.
You must submit the following:
A business license needs to be submitted in addition to the above requirements in the case of a trading business. *A site inspection would need to be carried out after a TIN is issued. Completing the Registration Form Registration with the Taxation Division (
) means any or all of the following:
getting a TIN for the first time. becoming a person who pays Value Added Tax (VAT) to FRCA. becoming a person who pays Pay-As-You-Earn (PAYE) tax to FRCA. becoming a person who pays Service Turnover Tax (STT) to FRCA becoming a person who pays Fringe Benefits Tax (FBT) to FRCA becoming a person who pays Social Responsibility Levy (SRL) to FRCA becoming a person or vendor for Capital Gains Tax (CGT) purpose become a person or promoter for Gambling Turnover Tax (GTT) purpose
Oct 18, 2012
What is a non-profit body? For VAT purposes, a non-profit body is any society, association, or organisation (whether incorporated or not) that is not carried on for profit or gain of any member, and whose rules do not allow the distribution of money, or other property, to any of its members, proprietor or shareholders. Most charitable organisations, sports clubs, service organisations, professional groups, churches, social clubs, school committees, and Parents & Teachers Associations are non-profit bodies for the purpose of Value Added Tax.
When is a Non-profit organisation taxable for VAT purposes? Whether a non-profit organisation is taxable or not depends on: the particular supply it makes. whether its supply is considered to be to the disadvantage of a registered person. Whether a non-profit organisation is carrying on an activity in competition and to the disadvantage of a taxable activity, will depend on the following factors: the nature and type of goods and services being supplied. the value of supplies. whether the consideration received is less than the cost of making those supplies. the value of any unconditional gifts received both in kind and money, and whether the making of the supplies is being subsidised by the unconditional gifts received. Subject to the above factors, a non-profit organisation will be considered to be carrying on a taxable activity if it engages in the following on a continuous and regular basis and the gross turnover exceeds FJ$100,000. For years prior to 2012, its FJ$50,000. the right of admission or membership of a club, association through subscription fees etc. charging for the admission of persons to any premises. the leasing or hiring of any real/personal property. the operation of a commercial oriented venture that involves the supply of goods and services at a price. the supply of advertising services by way of a fee/sponsorship and the right to participate in any event carried on/organised by that non-profit organisation, for a fee/charge.
What is a charitable organisation? A charitable organisation can be any institution, body of persons or irrevocable trust of a public character established solely for the relief of the poverty or distress of the public. Other characteristics: non-profit body. the funds owned by the organisation will not be available to any member for personal use. the assets of the organisation will not be available to any member for personal use upon cessation. the assets will be distributed to other charitable organisations upon closure.
Is a charitable organisation exempt from tax? An organisation that has been registered under the Charitable Trusts Act or any other Act by its members is automatically exempt from paying income tax.
List of Approved Charitable Institutions
How do charitable organisations apply for exemption? To qualify for exemption from income tax, application in writing must be made to the Chief Executive Officer. The application must be submitted with the taxpayer registration form in the case of new charitable organisations that have not registered with FRCS. The instructions for completing the registration form state that all necessary information relating to the establishment of the business must be provided. The contents of the Articles of Association, Memorandum of Association or Trust objectives will enable the Chief Executive Officer to make a decision on whether or not the income of the organisation would be subject to income tax.
How do I register? Every person liable to taxation under the provisions of the Income Tax Actor who becomes liable to register under the provisions of the Value Added Tax (VAT) Decree must complete a registration form within 21 days from the commencement of the taxable activity as specified in the legislation. For income tax purposes, employers must register within thirty (30) days of the commencement of any trade, business, profession or vocation. For VAT purposes, Section 22 (3) of the VAT Decree requires every person who becomes liable to register to do so within twenty-one (21) days. Once an application for VAT registration is received, the Chief Executive Officer must consider whether a person is eligible to be registered. This involves considering the person’s eligibility in terms of Section 22 of the VAT Decree. To assist in the prevention of fraudulent VAT registration, an identity check must be completed therefore applicants must provide: original documents relating to the formation of the business such as certificate of registration from the Registrar of Companies office, memorandum of association or articles of association. the name of the authorised officer and contact details such as telephone number. the exact location of the business premises. Anyone who carries on a taxable activity with a gross turnover that is more than FJ$100,000 in twelve (12) months must register. Once the Chief Executive Officer is satisfied that an entity who has applied for registration is eligible to be registered, the entity is then ‘REGISTERED‘ and will be notified accordingly.
Tax treatment for Charities/Non-profit organizations Income from charities and non-profit organizations are usually exempted from income tax in view of their nature of business or service. This shall only apply if the income derived from such business is not distributed for the personal gain of any of the members, proprietors or shareholders. Some of them act as government agencies to help government in providing social services. However, charities and non-profit organizations which operate along commercial lines and those that are directly engaged in competition with other similar organizations may not be exempted from income tax. For more information,
or alternatively by email: (
,
or
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