The Fiji Revenue and Customs Service (FRCS) has reported a remarkable collection of $1.81 billion in the first half of the 2024–2025 fiscal year, surpassing their target by $136 million. This achievement is largely attributed to a robust economic performance within the country, according to FRCS CEO Udit Singh.
The breakdown of the revenue collection reveals that Value Added Tax (VAT) accounted for $837 million, with income tax contributing $518 million. Additionally, trade taxes brought in $310 million, while other taxes and levies totaled $142 million.
Mr. Singh highlighted that these impressive figures reflect not only the commitment of FRCS staff but also the cooperation from taxpayers and the overall positive momentum of Fiji’s economy. This growth is promising for the future, suggesting a stable economic environment that can support continued development and enhancement of public services.
Overall, the optimistic outlook on Fiji’s fiscal revenues demonstrates a collective effort across various sectors and assures citizens of the government’s dedication to effectively managing its resources for national progress.
Leave a comment