7 May 2008

Fiji interim govt cuts taxes and duty on basic food items

8:29 pm on 7 May 2008

The Fiji interim Government has cut taxes and duty on basic food items to assist low income earners.

It comes as the Fiji Islands Revenue and Customs Authority, or FIRCA, reveals a huge jump in tax revenue, up nearly 32 percent on the same period last year.

The Government will increase the income tax threshold from 9 thousand Fijian dollars to 15 thousand from the beginning of next month.

Duty on selected basic food items will also be completely removed at the same time.

Acting Finance Minister, Filipe Bole, says the Government is trying to mitigate the rising cost of food and inflation.

He says it is a response to the concerns raised by workers' representatives, civil society leaders and farming communities.

Meanwhile the Fiji Times reports FIRCA indicating that tax collect remains general positive as economic activity picks up.