Employers get 200% tax break to hire students
The 2016-2017 budget will see a series of incentives to encourage employers to engage with our youth, including a 200 percent tax deduction on wages paid to students in work placements. This was reiterated by Prime Minister Voreqe Bainimarama while officiating at the inauguration of the Nadroga-Navosa Provincial Technical College Campus in Sigatoka yesterday. Mr Bainimarama […]
July 19, 2016 9:30 am
The 2016-2017 budget will see a series of incentives to encourage employers to engage with our youth, including a 200 percent tax deduction on wages paid to students in work placements.
This was reiterated by Prime Minister Voreqe Bainimarama while officiating at the inauguration of the Nadroga-Navosa Provincial Technical College Campus in Sigatoka yesterday.
Mr Bainimarama said the incentive also included students working over the school holidays.
BAINIMARAMA: “In the 2016-2017 Budget announcement, my Government put in place a series of incentives to encourage employers to engage with our youth. Employers will now receive a 200 per cent tax deduction on wages paid to students in work placements and students working over the holidays.”
“That includes students of this Nadroga-Navosa Campus who are looking for work in an area related to their studies. And, of course, the Tertiary Loans Scheme is available for all students looking to enroll.”
He added that Fiji needed to tap into its young, energetic population in terms of employment opportunities.
BAINIMARAMA: “In Fiji, we have a young, energetic population. And that is a great advantage if we are able to harness that energy and give our young people the means to realize their hopes. Young people are inherently optimistic. They see their lives ahead of them and a world of possibilities unfolding before them. We need to nurture that optimism and reinforce that optimism.”
“Years from now, when the young people of today look back on these years, they need to know that their optimism was real and justified—not just the folly of starry-eyed youth. We will do this by creating employment opportunities, by creating pathways that allow our young people to be productive, to have a future, and to contribute to the development of our growing economy.”
Mr Bainimarama said the Ministry of Education would be opening eight new technical college campuses all over Fiji in the coming weeks.
BAINIMARAMA: “Eight new campuses that will teach our young people the trade skills they need to find meaningful careers and enjoy productive lives. These skills give our young people a strong foundation to build on. And the rest is up to them—their ingenuity, their drive, their vision. These are the skills that we need to continue to develop in our dynamic and robust economy.”
He added that the new Nadroga Navosa Technical College Campus was one of the largest technical college campuses in Fiji, and would draw students from villages, urban centres, suburbs and settlements.
BAINIMARAMA: It is also the only campus to include hostel facilities, which will ease the burden of those students who need to travel from deep rural and maritime areas. Young people who are learning valuable skills that translate into rewarding jobs. Jobs that are currently in very high demand due to a lack of local capacity. Many companies have been forced to look abroad, but, as this campus graduates students, they will no longer have to. The talent will be right here in Nadroga.”
Meanwhile, those enrolled in the newly opened technical college will be part of the stream of 2,777 other students enrolled in Technical Colleges throughout the nation.
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