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January 09, 2012 12:00:00 AM
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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

Kapoor & Sons

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