26 Jan 2007

Fiji's interim government reviewing tax concessions

5:02 pm on 26 January 2007

Fiji's interim administration is reviewing tax concessions and tax holidays worth up to 180-million US dollars a year given to companies by previous governments.

The interim minister for finance, Mahendra Chaudhry, has told Fiji TV such concessions will be given only where absolutely necessary.

Mr Chaudhry says losing up to 180-million US dollars a year is a lot of money when the government needs it to provide services to people.

He says while the decision may be unpopular with some people, he also has a job to do to stabilise government finances.

Mr Chaudhry has already cancelled the duty-free import of gas powered taxis, a concession given by the previous government six months ago.