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FRCA amends tax clearance rules for parents

 

Aug 12, 2014 01:51:53 PM

FRCA amends tax clearance rules for parents Parents with children studying abroad will from September 1 no longer need tax clearances from the Fiji Revenue and Customs Authority should they wish to send between $2000 and $20,000 across.

FRCA chief executive Jitoko Tikolevu said the decision by the authority is to assist Fijians and businesses by improving its systems and processes.

“We have listened to our customers, in particular businesses who regularly remit funds overseas and have found it cumbersome to come to our offices for tax clearance whenever the amount is over $2000,” Tikolevu said.

“However, we have capped the limit at $20,000 and we trust our taxpayers to be responsible in continuing to fulfill their tax obligations."

Tikolevu said they are mindful of the risk they have taken to do this, hence have placed their trust on customers to abide the guidelines accordingly.

“This means that individuals and business will not require Tax Clearance certificate for remittances that are valued at less than FJD $20,000. Any transaction exceeding FJD$20,000 will require a Tax Clearance certificate from FRCA.

FRCA further assures taxpayers it will continue to review its operational policies and practices to bring in more efficiency and improvement in its services.

FijiLive

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