The Fiji Revenue and Customs Service (FRCS) has initiated negotiations with the New Zealand Inland Revenue Department (NZ IRD) to review the longstanding Double Taxation Agreement (DTA) between the two countries. This significant milestone was marked by the formal opening of discussions led by New Zealand’s Commissioner of Inland Revenue, Peter Mersi.
The existing DTA has its roots in a signing that took place on October 27, 1976, followed by amendments in 1986 and 1994. The FRCS considers this comprehensive review— the first one since the amendments— a crucial opportunity to modernize the agreement in alignment with current international tax practices, thus ensuring fair and transparent tax outcomes for both jurisdictions.
Udit Singh, the CEO of FRCS, emphasized Fiji’s appreciation for the enduring partnership with New Zealand. He noted that the review reflects a mutual commitment to establishing a fair and modern tax treaty framework that encourages business activities while safeguarding the interests of both nations’ citizens.
“The Duavata Partnership provides an important foundation for these negotiations, underscoring the mutual trust and cooperation that guide us toward a future-ready agreement,” Singh stated. He expressed optimism for productive discussions throughout the week, aiming for continued collaboration as both countries look ahead to a modernized and mutually beneficial DTA by 2026.
Singh also reaffirmed that New Zealand stands as one of Fiji’s most critical economic partners, with robust collaboration in areas such as trade, investment, labor mobility, and tourism. Strengthening tax treaty arrangements is pivotal in bolstering investor confidence and fostering sustainable economic growth. Moreover, this review serves to reinforce the Fiji-NZ Duavata Partnership, emphasizing a shared vision to expand collaboration across economic, social, and cultural dimensions.
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