No more tax clearance needed to send over $2000 overseas

No more tax clearance needed to send over $2000 overseas

By Dhanjay Deo
12/08/2014
FRCA CEO, Jitoko Tikolevu

Parents wishing to send over $2,000 to their children studying abroad will no longer need tax clearances from the Fiji Revenue and Customs Authority from the 1st of next month.

However, the Authority has kept the limit of overseas remittance without tax clearance to be $20,000.

FRCA CEO, Jitoko Tikolevu said the decision is part of its commitment to assist Fijians and businesses by improving its systems and processes.

Tikolevu said they have listened to their customers, in particular businesses who regularly remit funds overseas and have found it difficult to come to their offices for tax clearance whenever the amount is over $2000.

He said this means that individuals and business will not require Tax Clearance certificate for remittances that are valued at less than $20,000.

Any transaction exceeding $20,000 will require a Tax Clearance certificate from FRCA.

FEATURE NEWS
Man charged with one count of sacrilege and one count of throwing object
The 28 year old man involved in the alleged sacrilege case at Shiv Temple in Samabula has been charged. Police say the man has been charged with on...
10 hours ago
LATEST NEWS
Ba Rugby welcomes Sportsworld into their family
Ba Rugby just received a boost as Sportsworld signed an agreement this week to become the Official Match Ball Sponsor of the Ba Rugby Union. Ba ...
13 hours ago

‘Superman’ smashes box office expectations, soaring towards US$130 million opening
It’s not a bird or a plane — it’s the latest “Superman” movie soaring towards the top of the box office. Warner Bros. Pictures’ ...
13 hours ago

Human Rights Commission urges thorough investigation into temple desecration
Following the desecration of the Sanatan Shiv Mandri in Samabula, the Fiji Human Rights and Anti-Discrimination Commission is urging the Fiji Police ...
13 hours ago

Calls made for stronger government focus on AI as concerns raised over Fiji’s preparedness
Concerns have been raised about the lack of preparedness in Fiji for the fast-growing impact of artificial intelligence, with a call made for the ...
13 hours ago

Police psychologist Nicholas Fuata helps over 100 overcome suicidal thoughts
Fiji Police Psychologist Nicholas Fuata has personally assisted over 100 clients in overcoming suicidal ideation and attempts. Following the ...
14 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Professor Prasad on fijivillage Straight Talk With Vijay Narayan
The show will focus on the 2025/2026 National Budget.
5 days ago

Tui Nayau and Tui Lau Installation
The ceremony for the installation of the Tui Nayau Sau ni Vanua o Lau will be held tomorrow, while the installation ceremony of the Tui Lau will be held in Tubou on Thursday.
7 days ago

CFL 40th Birthday
CFL’s 40th Anniversary celebrations to culminate with free concert at Albert Park on ...
10 days ago

TOP