Companies can now file corporate income tax online while personal income tax can be filed online from Monday

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Companies can now file corporate income tax online while personal income tax can be filed online from Monday

Businesses, cooperatives, estates, trusts and partnerships can now file their corporate income tax for the tax years 2015 to 2021 on the online taxpayer service, as it has now been launched by the fiji Revenue and Customs Service.

According to the FRCS, corporate income tax is one of the main tax processes of the FRCS, which affects more than 35,000 taxpayers.

They say that for fiscal year 2021/2022, corporate income tax contributed 13.6% or $229.9 million to the overall revenue collection of $1.692 billion and nearly 40 Corporate tax returns were successfully filed on the online taxpayer service on the first day of the roll. -out.

They further say that the FRCS had planned to launch online personal income tax filing for the tax years 2015 to 2021 on the online taxpayer service simultaneously with online tax filing. on corporate income for the 2015 to 2021 taxation years.

However, this implementation was delayed until Tuesday due to technical complexities associated with migrating data from the FRCS legacy system.

They say Taxpayer Online Service is a self-service platform that has transformed Fiji’s tax administration with the aim of achieving voluntary compliance, self-assessment environments as well as improving the ease of doing business. business.

The FRCS advises that to facilitate the roll-out of online personal income tax filing for tax years 2015 to 2021 starting Tuesday, there will be a system downtime from the closure of offices from this Friday to Monday when the online taxpayer service will not be available.

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