FRCS to monitor traders not issuing fiscalised receipts
May 25, 2019 7:00 am
The Fiji Revenue and Customs Service will be increasing its visibility around the country.
Chief Executive, Visvanath Das says Revenue and Customs inspectors will be on the ground to monitor traders who are not issuing fiscalised receipts.
Das adds this unscrupulous practice will see traders being issued with infringement notices that have fines ranging up to $50,000 or so.
He is also disappointed with the high number of traders who continue to defraud the government by not paying their taxes.
“Some tax-payers they may have multiple POS lanes and have fiscalise four lanes and not the fifth lane so they are hooked up to the system so if anyone their POS lanes goes offline we can know it immediately here at the office but where the POS lane is completely not fiscalised in the first instance then that of course is dependent on the relationship between the POS provider, taxpayers and tax office.”
The tax-man says an improvement in compliance rate has been recorded from 60% to 90%, however, there is still a grave worry of tax evasion.