Fundamental tax changes led to more revenue: Rahman
September 18, 2018 5:46 pm
Fundamental changes to the tax regime has assisted the Fiji Revenue and Customs Service generate more revenue for the government.
Director Revenue Management, Fazrul Rahman says the general revenue mix from 2000-2004 has been through trade, income tax and VAT.
Rahman says the Revenue and Customs changed this trend in 2015, adding service turnover tax, departure tax and resource tax.
“VAT has always remained as the highest contributor for revenue since 2000.
Amounting to 29.9% in 2000, 40% in 2004 and 37% in 2015. This is followed by income tax and trade.”
Rahman says the shift towards indirect taxation has played a great role in generating revenue.