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News

FRCA on target

October 16, 2012 7:05 pm

The Fiji Revenue and Customs Authority is on track with its revenue collections for 2012.

Chief Executive – Jitoko Tikolevu says the Authority was given a target of 1 point 7 billion dollars in revenue collection for this year.

He says collections were hindered by the two floods that hit the western division at the beginning of the year.

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However Tikolevu says no revision was done to the original forecast and stringent measures were put in place that has put them back on track.

“Well first of all we are above forecast from January to September by about $10m but the forecast for the whole year is about $1.7b but there is still a long way to go but so far so good – but there are some challenges and hopefully the positive trend will continue.”

Tikolevu says aggressive methods are also being used to track down tax evaders.

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