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FRCS Identifies $100 Million in Tax Liabilities, Launches New Compliance Strategy 2025-2028

  • FRCS uncovered nearly $100 million in tax liabilities
  • $45 million identified through VAT Compliance Campaign, $30 million collected
  • Total tax liabilities include $7 million in penalties
  • New strategy aims for a fair, transparent, and responsive tax system
  • Focus on service, education, risk management, and strategic engagement
  • Strategy targets registration, filing, accurate reporting, and payment
  • Investments in technology, partnerships, and data analytics support the strategy
  • Introduction of Tax Information System ANTIS for better taxpayer understanding
  • Expanded outreach to small businesses in remote areas
  • VAT monitoring system to improve transparency in various sectors
  • Tax amnesty program ends today, urging compliance
  • Current compliance framework described as mature and professional
  • Encouragement for a culture of compliance based on service and responsibility

Source: fbcnews.com.fj

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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