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FRCS records 6.6% revenue growth in 2016/2017

May 1, 2018 5:15 am

The Fiji Revenue and Customs Service has recorded a revenue growth of over $160 million for the 2016/2017 financial year.

Chief Executive, Visvanath Das says this is a 6.6 percent growth compared to the same period in the previous financial year.

Das says this growth has bought the tax department’s revenue to $2.6 billion dollars for the mentioned year.

He adds growth is attributing to the improved practice and behaviour of tax payers.

“The three things I would attribute the success to this the improvement in compliance, improvement in debt management and better organizational efficiencies.”

Das says the revenue targets for this year has been set for $3.1 billion and they are on track to achieve this.

Meanwhile, the Fiji Revenue and Customs Service 2016/2017 books were tabled in Parliament and scrutinized by parliamentary standing committee on Economic Affairs today.