Fiji has successfully been removed from the European Union’s list of non-cooperative jurisdictions for tax purposes. This significant achievement marks the end of Fiji’s status on the EU blacklist, which began in March 2019 due to concerns over tax transparency, equitable taxation, and adherence to Base Erosion Profit Shifting minimum standards.
The Fiji Revenue and Customs Service (FRCS) has diligently worked over the past several years to implement comprehensive legislative, policy, and institutional reforms aimed at ensuring compliance with international tax standards. The removal from the blacklist not only restores confidence in Fiji’s tax administration but also enhances the nation’s global reputation and underscores its commitment to responsible tax governance.
Finance Minister Esrom Immanuel highlighted that the delisting will positively impact Fiji’s international relations, particularly with countries within the European Union Forum. He noted that this development will rebuild trust with foreign investors, bolster partnerships, and strengthen Fiji’s economic position, particularly under the EU-Pacific Interim Economic Partnership Agreement.
Udit Singh, Chief Executive of the FRCS, commended his team’s efforts in achieving this milestone, emphasizing that it necessitated significant technical expertise and unwavering dedication. Singh reaffirmed the FRCS’s commitment to upholding compliance with international standards, focusing on enhancing tax revenue collection, and promoting transparency, fairness, and economic resilience.
This removal from the EU’s blacklist is not just a matter of regulatory compliance; it represents a hopeful step towards revitalizing Fiji’s economy by attracting more investment and fostering international trade opportunities, thereby setting a positive trajectory for the nation’s future.
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