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FRCS Launches Second Phase of VAT Compliance Campaign.

The Fiji Revenue and Customs Service (FRCS) is very concerned about non lodgment of Value Added Tax (VAT) returns by registered entities and announces the commencement of the second phase of the VAT Compliance Campaign, a critical initiative aimed at ensuring fiscal responsibility and compliance within the Fijian business community. In this phase, FRCS will be publishing the Taxpayer Identification Numbers (TINs) of businesses engaged in Business to Business (B2B) transactions who have failed to file their VAT returns.

The VAT Compliance Campaign is a comprehensive effort to enhance tax compliance and optimize VAT revenue.

The campaign targets two distinct segments of non-compliant taxpayers: Business to Business (B2B) and Business to Customers (B2C)

  1. In (B2B), 2972 suppliers issued VIP invoices to VAT-registered businesses but haven’t filed VAT returns. This non-compliance allows customers to claim VAT credits, distorting the revenue stream.
  2. In (B2C), FRCS is addressing non-compliance by businesses engaged in transactions but with pending VAT returns. The listing of these businesses will be included in Batch 2 in the coming months.

FRCS is committed to fostering tax compliance and providing support to taxpayers in meeting their obligations. We encourage taxpayers to take advantage of the resources available, including our customer service centre and online video tutorials via link VAT Tutorial. In addition to these resources, FRCS also launched the VAT Guide  on 3rd November 2023. Supported with a step-by-step guide and illustrations, the VAT Guide aims to simplify taxpayer understanding of their VAT obligations.

FRCS again reiterates that the 2972 taxpayers identified from Batch 1, must take immediate actions necessary to achieve full VAT compliance status.

We will continue to emphasize that one of the key objectives of FRCS is to foster a culture of voluntary tax compliance, promote transparency, and ensure the sustainability of our nation’s fiscal resources. FRCS remains dedicated to assisting businesses in fulfilling their tax responsibilities while maintaining a level playing field for all taxpayers.

You are required to lodge all your outstanding VAT returns by 29th February 2024.

Should there be a failure on your part to update your VAT returns by the due date, the Service will raise default assessment, may impose penalties, or consider prosecution as prescribed within Fijian tax laws.

The 2972 Taxpayer Identification Numbers (TINs) designated as Batch 1 under the Business to Business (B2B) category is available on this LINK.

For further information, enquiries, or assistance, please do not hesitate to contact our customer service centre or visit our website for educational resources and guidance or email on managetaxreturns@frcs.org.fj.

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