Revenue collected less than initial forecast
September 18, 2015 1:20 am
The Fiji Revenue and Customs Authority Chief Executive Officer Jitoko Tikolevu says as of July end, government revenue stands at a little more than $2.3 billion.
Tikolevu says with the anticipated rush in the last quarter of the year, he expects the authority will more than make up for the interim shortfall.
“$2.4 billion is the whole forecast, we are, I think as at the first 7 months, we’re probably below $40 million, but its not a big deal, $40 million below at the moment, we will watch closely as its progresses September, October and then we’ll see what November, December bring.”
Tikolevu stresses the public is being urged to make use of the current Tax Amnesty program.
Under the Amnesty, if you haven’t paid taxes prior to 2015, these will be waived and taxpayers will only be taxed for this year.
The Tax Amnesty ends on October 15th.