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Fiji
Overview
Last reviewed - 04 June 2024Strategically located in the heart of the South Pacific region, Fiji offers a location for investors intending to set up operations for regional and international markets. Fiji boasts an environment of pristine beauty. Located at the crossroads of the Pacific, Fiji has a mix of cultures of Fijian, Indian, Chinese, South Sea Islanders, and Europeans.
Fiji has two major islands, Viti Levu and Vanua Levu, with its capital city, Suva, situated in Viti Levu. The official languages of Fiji are English, Fijian, and Fiji Hindi. The local currency is the Fijian dollar (FJD).
Endowed with forest, mineral, and ocean resources, Fiji's economy is one of the most developed among the Pacific Island economies, though it remains a developing country with a large subsistence agriculture sector. The major sources of foreign exchange in Fiji are from the tourism industry; sugar, water, and gold exports; and inward remittances from Fijians working abroad.
PwC Fiji has two offices, located in Suva and Lautoka, and has seven partners and over 120 staff. PwC Fiji strives for continuous improvements in the services offered. We are well recognised as a leading tax service provider in Fiji. Being the largest service provider with extensive resources and experience, clients have easy access to resources and prompt responses to requests across a wide range of topical issues. PwC Fiji has extensive knowledge and experience of tax legislation. Our taxation specialists also have extensive in-depth experience in advising foreign and local investors.
Quick rates and dates
| Corporate income tax (CIT) rates | |
|---|---|
| Headline CIT rate (%) |
20% / 25% (effective from the 2023 tax year) |
| Corporate income tax (CIT) due dates | |
|---|---|
| CIT return due date |
Generally, three months after the end of the income year unless an extension is granted by the tax office. |
| CIT final payment due date |
Final payment (i.e. the balance of actual tax payable) is generally due by the tax return lodgement or the lodgement due date (whichever is earlier). |
| CIT estimated payment due dates |
Effective 1 April 2020, nine equal installments due on the last day of the sixth, seventh, eighth, ninth, tenth, eleventh, and twelfth months of the relevant year and the first and second months of the following tax year. Each installment should be 1/9 of the assessed income tax liability for the preceding tax year or the amount of income tax estimated by the person to be payable for the tax year (other than income tax to be collected by withholding). |
| Personal income tax (PIT) rates | |
|---|---|
| Headline PIT rate (%) |
39% PAYE tax |
| Personal income tax (PIT) due dates | |
|---|---|
| PIT return due date |
31 March (unless an extension is granted by the tax office) |
| PIT final payment due date |
Final payment (i.e. the balance of actual tax payable) is generally due by the tax return lodgement or the lodgement due date (whichever is earlier). |
| PIT estimated payment due dates |
Individual deriving only one salary, interest, and dividends: PAYE for salaries; interest WHT deducted at source; no tax on dividends. Individuals deriving income other than the above: Effective 1 April 2020, advance tax payments for the 2020 and subsequent tax years are due in nine installments of 1/9 each due on the last day of each month from April to December each year. |
| Value-added tax (VAT) rates | |
|---|---|
| Standard VAT rate (%) |
Effective 1 August 2023, VAT rate increased to 15% on all goods and services except zero rated items and exempt supplies |
| Withholding tax (WHT) rates | |
|---|---|
| WHT rates (%) (Dividends/Interest/Royalties) |
Resident: 0 / 10 / 5; Non-resident: 0 / 10 / 15 |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
10 |
| Headline individual capital gains tax rate (%) |
10 |
| Net wealth/worth tax rates | |
|---|---|
| Headline net wealth/worth tax rate (%) |
NA |
| Inheritance and gift tax rates | |
|---|---|
| Headline inheritance tax rate (%) |
NA |
| Headline gift tax rate (%) |
NA |
