The Fiji Revenue and Customs Service (FRCS) has announced the Market Lending Rate for 2025, which will be used to calculate the Discounted Interest Loan Fringe Benefits under the Fringe Benefits Tax (FBT).

The new rate is set at 5.98 percent and is based on the average market lending rate. This rate was decided in collaboration with the Reserve Bank of Fiji (RBF), as required by Section 76(3) of the Income Tax Act. Employers who provide Discounted Interest Loan Fringe Benefit to their employees/associates should use this specified rate for their calculations.

The rate has also been integrated into the relevant lines of the FBT return in the Taxpayer Online Service (TPOS) portal, to ensure that employers accurately account for FBT before submitting online.

For more information, employers can contact, Mr. Rajesh Bhan at 3243584 or Ms. Karishma Kumar at 6734310 or call us on our toll-free line 1326 or email at info@frcs.org.fj.

Last Updated - February 4, 2026