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5 businesses taken to task over VAT, fined up to $50k

The Fiji Revenue Customs Authority has issued infringement notices to five businesses for not complying with the reduced VAT rate. The businesses have 21 days to pay fines ranging from $10,000 to $50,000 or face legal proceedings. The operators were not named, but revealed to be: a credit agency a stationery shop a bookshop a […]

Calvin Prasad

January 26, 2016 9:31 am

The Fiji Revenue Customs Authority has issued infringement notices to five businesses for not complying with the reduced VAT rate.

The businesses have 21 days to pay fines ranging from $10,000 to $50,000 or face legal proceedings.

The operators were not named, but revealed to be:

  • a credit agency
  • a stationery shop
  • a bookshop
  • a weigh-bridge businesses
  • an entertainment sector operator

Attorney-General Aiyaz Sayed-Khaiyum held a press conference yesterday afternoon and said another 36 businesses are under investigation.

“FRCA expects by the end of this week, there will be more businesses that would be perhaps issued the infringement notices, there’s obviously a process of investigations and they also  check with government in terms of some of the policies initiatives put in place”

“As you know we made a presentation in the budget that a new law – an amendment has been passed to ensure that we don’t have people infringing the particular provision that has been put in law, that is the reduction of VAT needs to be passed on to the consumers,”

“The whole purpose of reducing VAT from 15% to 9% was so goods become more attractive and cheaper for the end users.”

Minister Sayed-Khaiyum said it was rather unfortunate that in Fiji, many business owners are always cheating their way around.

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