FCCC will ensure benefits of customs duty reduction on goods and VAT exemption on residential rent is passed down to consumers - Abraham

FCCC will ensure benefits of customs duty reduction on goods and VAT exemption on residential rent is passed down to consumers - Abraham

By Rashika Kumar
Saturday 18/07/2020
FCCC CEO, Joel Abraham

As the Minister for Economy Aiyaz Sayed-Khaiyum has announced in the 2020/2021 National Budget that customs duty on 1,600 items and fiscal duty has been reduced to 5% and import excise tax on a range of white goods have been eliminated, the Fijian Competition and Consumer Commission says they will ensure that the benefits of this reduction will be passed down to the consumers.

FCCC CEO, Joel Abraham says they have a good relationship with businesses but they should not be mistaken as FCCC will come hard on traders who are unethical.

2020-2021 Budget Resources

AddressEstimatesSupplement
Revenue PoliciesCustoms Tariff Act

He says they have a system of enforcement but there will be some legislative changes providing specific provisions to empower FCCC.

Meanwhile Sayed-Khaiyum has also announced that residential rent is also VAT exempt.

Abraham says they will make sure that such exemption is also reflected by the reduction where VAT has previously been charged.

FEATURE NEWS
People sought forgiveness including the RFMF but the truth is not revealed – Seruiratu
Through the truth and reconciliation process regarding the coups and mutiny in Fiji, people have sought forgiveness, but what haunts them is that they...
1 hour ago
LATEST NEWS
Daniel Whippy to take his plea this afternoon to allow his travel to the US for knee treatment
Carpenters Fiji Managing Director, Daniel Whippy is to take his plea at 4pm today as this is one of the conditions raised by FICAC to allow him to ...
11 minutes ago

Fong and Dr Osborne-Naikatini concerned about being denied entry to USP Campus
Honorary member of the Association of USP Staff Elizabeth Fong and former Biology Lecturer and former President of the Association of USP Staff ...
42 minutes ago

Trump has 105 electoral votes, Harris has 72, they are each targeting 270 electoral votes to win the US presidency
Republican candidate, Donal Trump now has 105 electoral votes while Democrat, Kamala Harris has 72. Harris and Trump each need at least 270 ...
52 minutes ago

Mangal and Akauola to appear on fijivillage Straight Talk With Vijay Narayan at 7 tonight
Adult Teen Challenge Fiji Executive Director, Hemraj Mangal and Director, Matai Akauola will appear on fijivillage Straight Talk With Vijay Narayan ...
1 hour ago

Nitin Gandhi named as the Chair for Elections Commission for the International Federation of Red Cross and Red Crescent Societies
Nitin Gandhi has been named as the Chair of the Elections Commission for the International Federation of Red Cross and Red Crescent ...
1 hour ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Sashi Kiran appears on fijivillage Straight Talk With Vijay Narayan
Assistant Minister for Women, Children and Social Protection, Sashi Kiran appears on fijivillage Straight Talk With Vijay ...
1 day ago

Pio Tikoduadua appears on fijivillage Straight Talk With Vijay Narayan
Minister for Home Affairs, Pio Tikoduadua appears on fijivillage Straight Talk With Vijay ...
1 day ago

Inia Seruiratu appears on fijivillage Straight Talk With Vijay Narayan
Leader of the Opposition, Inia Seruiratu appears on fijivillage Straight Talk With Vijay ...
2 days ago

TOP