The Fiji Revenue and Customs Service (FRCS) has reported a tax collection of $2.281 billion from August 2024 to March 2025, falling short of its target of $3.298 billion. FRCS Chairman Malakai Naiyaga announced this during the National Tax Day celebrations in Suva. Despite not reaching the goal, the FRCS exceeded last year’s collection during the same period by $138.9 million, marking a 6% increase compared to last year’s shortfall.
Naiyaga highlighted that consistent monthly revenue growth was central to this positive variance against forecasted revenues. A major contributor to this growth was the Value Added Tax (VAT), which accounted for $1 billion or 45% of total collections. Income taxes contributed significantly as well, adding $670 million, while trade taxes brought in $391.8 million and other levies contributed $181.3 million.
This achievement is indicative of the improving revenue collection efforts of the FRCS, showcasing increased tax compliance and potential economic recovery within vital sectors. It reflects the ongoing commitment of both taxpayers and the agency to adhere to fiscal responsibilities, supporting essential public services and programs aimed at national development.
In light of the favorable trends in tax collection, the future looks hopeful for Fiji’s economic landscape as the growth momentum continues to build, especially benefiting from robust sectors such as tourism. Such achievements underscore the importance of tax revenues in funding public services and driving economic development.
This article sheds light on the encouraging developments despite the shortfall, signaling a proactive approach to tax collection that will benefit the nation in the long term. As FRCS continues to enhance its strategies, there may be a promising pathway for improved economic recovery and growth ahead.
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