The Fiji Revenue and Customs Service (FRCS) reminds all Salary and Wage earners that any income earned in addition to employment income must be declared for tax purposes.
This includes income from:
- Rental of Properties
- Any accommodation service provided e.g. Airbnb, homestay.
- Online business
- Taxi, Minibus and rental car operations
- Canteen operations
- Farming/fishing
- Consultancy and Contractors
- Investment in shares
- Partners in a partnership business
- Beneficiaries in a trust or estate
- Trustees in a trust or estate
- Any other business income
ALL individuals who receive such income are required to keep proper records. Examples are:
- Income and sales records
- Expenses and purchases (invoices)
- Bank statements and receipts
- Employment and payroll records
- Logbooks
- Accounts payables/Receivables
- Vendor information
- Other financial information.
NOTE
If you haven’t registered your business with FRCS, you are required to register using the ‘’Register New Business” tile in the Taxpayer Online Service Portal (TPOS).
Annual filing of business returns and payments for a tax year are due by 31st March, and all filing of returns is to be done on TPOS. For more information, please contact us on toll free line 1326 or 3243000 or email info@frcs.org.fj.
Last Updated - 9 hours ago