In the last financial year, Fiji Revenue and Customs Service surpassed its previous year revenue performance by 10%.
Fiji Revenue and Customs Service Chief Executive Officer Visvanath Das says this is being fueled by increased investment, broader tax regimes and strong demand due to fiscal policy.
He says in the 2017/2018 budget announcement, government increased the income tax threshold to $30,000 which led to an increase in cash circulation by approximately $22 million.
Das made these comments at the opening of the 15th Pacific Islands Tax Administrators Association Heads Conference in Suva.
This is a week-long event which is being hosted by Fiji.
The theme of the Conference is “Sustaining the Pacific region through effective revenue mobilization”.
Das says while solutions for larger economies may be slightly different than smaller ones, the fundamentals remain the same.
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