FRCS to increase compliance level
May 24, 2019 7:42 am
The Fiji Revenue and Customs Service will be increasing its compliance measures in the near future.
As the third phase of the VAT monitoring system has already been rolled out, FRCS Chief Executive Visvanath says they want to ensure that businesses are hooked on to the system.
Das says the objective of this system is not only to have efficient and reliable software to encourage voluntary compliance but at the same time collect the revenue due to the Government.
He says this also plays a broader role in alignment to the government roadmap for development of Fiji, greater financial inclusion initiatives as well as push towards a cashless economy, addressing the black money challenges.
“I want to make it very clear that sometimes you know this can
be misinterpreted as desperation for revenue but no it’s about compliance. You know we need to be on the ground because if people don’t comply voluntarily than we need to go out and find out these things.”
Das says customers also need to be aware of the group of tax payers which have been fiscalised.