The tax and duty evasion remains a major challenge for the Fiji Revenue and Customs Authority.
This was highlighted by FRCA’s Deputy Director Revenue
Collection Muni Ratna while hosting a delegation of Nepalese Government.
The 13 Nepalese Government officials are in the country to promote knowledge sharing and capacity building in areas of Anti‑Money Laundering and Counter Financing of Terrorism.
Ratna told the delegation that they had instances where incomes were not declared, returns were falsified and VAT collected was not remitted to FRCA.
He says that a number of people have been audited and penalised for tax evasion and majority of them had to pay high penalties up to as much as 300% for these offences.
Ratna says that over the years, FRCA has addressed the challenges of tax evasion by lowering the tax rate across all categories.