The Fiji Revenue and Customs Service (FRCS) has partnered with the Ministry of Finance to form a Tax Compliance Taskforce aimed at preventing tax evasion and enhancing overall tax compliance within the nation. Chaired by Nitin Gandhi, a distinguished Chartered Accountant and FRCS Board Member, the Taskforce’s primary objectives include the improvement of existing laws and processes, the development of investigative frameworks, and the collaboration with relevant agencies to combat financial crimes.
The Taskforce plans to implement several strategic measures, including:
– Evaluating and proposing changes to current tax legislation and processes.
– Redesigning procedures for investigating and prosecuting undisclosed income and non-compliance with financial regulations.
– Working closely with key enforcement agencies to tackle tax evasion and related financial offenses.
– Employing data-driven insights to aid investigations.
– Establishing strong protections for revenue and adherence to legal standards.
– Upholding strict privacy and security measures regarding data.
In addition to Nitin Gandhi, the Taskforce comprises prominent experts like former FRCS CEO Jitoko Tikolevu, former acting Police Commissioner Rusiate Tudravu, anti-corruption specialist Avaneesh Anand Raman, and financial risk management expert Pramesh Sharma. Appointed for an initial term of 12 months, the Taskforce seeks to ensure that taxes owed are collected effectively through the processes of FRCS.
Udit Singh, the CEO of FRCS, confirmed that the Taskforce’s operations will align with the existing roles of various agencies, including the Fiji Financial Intelligence Unit (FFIU), the Fiji Independent Commission Against Corruption (FICAC), and the Fiji Police. The Taskforce also intends to collaborate with international partners like Australia and New Zealand to bolster its efforts against tax crimes. Furthermore, a framework is being established to outline the Taskforce’s structure and operational guidelines, with plans for a memorandum of understanding with other enforcement agencies to follow.
This initiative highlights Fiji’s commitment to promoting tax compliance and combating financial misconduct, setting the stage for improved economic stability and integrity in the tax system. The collaboration between local and international agencies represents a positive step towards fostering a transparent and accountable financial environment in Fiji.
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