Fiji

Overview

Last reviewed - 14 July 2020

Strategically 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 100 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

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

Three instalments due on the last day of the sixth month, ninth month, and 12th month of the taxpayer's current fiscal year (33⅓%, 33⅓%, and 33⅓%, respectively, of the preceding income year's tax payable or estimated tax liability).

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 2020 tax 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). The advance tax payments requirements for subsequent years remain the same.

Personal income tax (PIT) rates
Headline PIT rate (%)

49 (i.e. 20% + 19% SRT + 10% ECAL)

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: Three instalments of 33⅓% each on 30 April, 31 August, and 30 November.

Effective 1 April 2020, advance tax payments for the 2020 tax year are due in nine installments of 1/9 each due on the last day of each month from April to December 2020. The advance tax payments requirements for subsequent years remain the same.

Value-added tax (VAT) rates
Standard VAT rate (%)

9

Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy)

Resident: 0 / 10 / 5;

Non-resident: 0 / 10 / 15

Capital gains tax (CGT) rates
Corporate capital gains tax rate (%)

10

Individual capital gains tax rate (%)

10

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)

NA

Inheritance and gift tax rates
Inheritance tax rate (%)

NA

Gift tax rate (%)

NA

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.