FIJI NEWS
January 09, 2012 12:00:00 AM
  Follow @ Twitter
Children and spousal allowance will remain for 2011 tax returns claim says Fiji Revenue and Customs Authority (FRCA).

Authority chief executive Jitoko Tikolevu in a release said taxpayers can still claim allowances for spouse, children and the like.

However, Tikolevu said in 2013 this allowance will no longer be there due to the pay as you earn (PAYE) refund tax.

He said in the 2012 budget the $400 interest on mortgage for housing will no longer be applicable.

“So for the exception of the mortgage interest, all the other allowances remain, the spouse and the superannuation,” said Tikolevu.

He also said tax rates have been reduced from 31 to 20 per cent for each individual, therefore they must check the tables provided on their website.

FRCA is also informing the public, particularly accountants, that they will no longer be printing the income tax (PAYE) tables as it is now available in their website.

By Mereani Gonedua









bang-bang


PREVIOUS STORY
Nausori murder suspect further remanded
NEXT STORY
Seven men face drug charges

Post a Comment
Bookmark and Share

 


Posted Comments
No comments, but you can post the first comment!
   





Are you happy with the 2015 Budget?
 Yes
 No


Poll Results: Current | Previous

Are you happy with the 2015 Budget?
Yes
 45%
No
 55%



More Polls
Press Esc to close this window
BUSINESS
World class recognition for VodafoneVodafone Fiji has been presented with the World Class Global Performance Excellence Award for achieving the highest level of quality performance by the Asia Pacific Quality Organization.
SPORTS
Fiji moves to 12th spot in world rankingThe Vodafone Flying Fijians have improved their ranking after winning their last match on the tour of Europe against USA in the weekend.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
Vodafone Fiji, Tonga telco in allianceVodafone Fiji and Tonga Communications Corporation today signed a strategic partnership alliance that will allow the Tongan company to leverage off the experience of their Fijian counterparts.
ENTERTAINMENT
Moorhouse to release debut albumNew Zealand 2013 The X Factor fan favourites Moorhouse will release their debut self-titled album that will include their brand new single Somebody Loves You on December 5.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS