9 Mar 2005

Fiji group seeks tax-free status for indigenous business

2:58 pm on 9 March 2005

The Fiji Indigenous Business Council says it wants the government to grant tax-free status for indigenous businesses.

The Fiji Times quotes the council secretary, Frank Robanakadavu, as saying a tax free status is necessary because indigenous Fijians venturing into business for the first time are usually crippled by lack of funds.

Mr Robanakadavu says other industries have incentives from the government.

Indigenous Fijian Business Council president, Joeli Taoi, says business don't make any profits for the first three years and only operate properly after eight years, so they should be exempted from paying tax for 10 years.