WebSection 7 of the Act imposes a “normal tax” on every dollar of chargeable income. Normal tax is also charged with reference to the Fourth Schedule. How sections 7 and 80(1) interact is not clarified (b) the new s.92(4)(a) of the Act (which seeks to impose a penalty for shortfalls in the payment of the advance company tax) refers to actual ... WebThe Fiji Revenue & Customs Service is the major funder of the National Budget. Apart from our primary mandate, FRCS continues to partner and support other government initiatives as needed. ... The Income Tax Act (Act No. 32 of 2015) and Fringe Benefit Tax Practice Statement are also available from our website. There are 9 categories of fringe ...
Land Sales Act [Cap 137] - PacLII
WebApr 30, 2024 · The study further elaborates on the comparative examination between the Capital Gains Taxation prescribed under Capital Gains Decree 2011, and Income Tax Act, 2015 of Fiji. In the due process ... WebFeb 1, 2024 · Value-added tax (VAT) The standard VAT rate is 7.5% (increased from 5% on 1 February 2024). Zero-rated items include goods and services purchased by diplomats and goods purchased for use in humanitarian donor-funded projects. Exempt items include plants and machinery for use in export processing zones (EPZs) or free trade zones … how do i reset my battle net password
Fiji - Corporate - Tax administration - PwC
WebSep 8, 2024 · 0. Section 62 of the Income Tax Act: Transfer irrevocable for a specified period. (1) The provisions of section 61 shall not apply to any income arising to any person by virtue of a transfer—. ( i) by way of trust which is not revocable during the lifetime of the beneficiary, and, in the case of any other transfer, which is not revocable ... WebThis website is managed by the Office of the Attorney-General ( ‘Office’ ) for the purpose of providing information free of charge for the benefit of the public. This website contains … WebQuestion: Examine the taxability of the following receipts with reference to Fiji Income tax Act, 2015: a) Bonus shares received by equity shareholder. b) Medical allowance received by an employee, the entire amount of which has been spent by her for medical treatment. c) Gift of a plot of land given to a company secretary by one of his clients. how much money has germany given ukraine