Fiji Lifts EU Tax Blacklist: What It Means for Global Standing

Fiji has been officially removed from the European Union’s list of non-cooperative jurisdictions for tax purposes, often referred to as the EU Blacklist. The island nation was first included on this list in March 2019 due to issues surrounding tax transparency, fair taxation, and the implementation of Base Erosion and Profit Shifting (BEPS) minimum standards.

In response to these concerns, the Fiji Revenue and Customs Service (FRCS) has undertaken comprehensive legislative, policy, and institutional reforms over the past few years to align with international requirements. The successful removal from the blacklist is anticipated to enhance confidence in Fiji’s tax framework and bolster the country’s international reputation, emphasizing its commitment to global cooperation and responsible tax governance.

Minister for Finance Esrom Immanuel highlighted that this milestone would improve Fiji’s international relationships, particularly with European Union member states. He noted that restoring confidence amongst foreign investors and trading partners, along with enhancing free trade with EU countries under the EU-Pacific Interim Economic Partnership Agreement, was of utmost importance.

FRCS Chief Executive Officer Udit Singh expressed pride in fulfilling the commitment made during the submission of the FRCS 2021–2022 Annual Report to Parliament, achieving the goal of removal in just 10 months, rather than the anticipated 12 to 18 months. He commended the dedication and technical expertise of the FRCS team and acknowledged the support of the Government and various international partners, including the Organisation for Economic Co-operation and Development, which provided technical assistance in implementing international tax standards.

FRCS remains committed to continuous reforms aimed at promoting tax transparency, fairness, compliance, and fostering long-term economic resilience. This progress not only improves Fiji’s image on a global scale but also places it on a path towards economic growth and stability in the future.