Call for businesses to join program
8 June, 2018, 11:28 am
THE Fiji Revenue and Customs Service has encouraged all businesses to come on board for the VAT monitoring system program.
FRCS chief executive officer Visvanath Das said businesses that did not fall into the phase one and two of the VMS could join if they had appropriate systems in place and wished to do so.
“It is gradually coming for all business groups anyway,” Mr Das said.
Meanwhile FRCS yesterday reminded its VMS phase two business customers that the deadline to implement an electronic fiscal device system was June 30.
It said phase two group of businesses included hardware companies, accounting firms, medical centres, travel agencies and law firms.
“We are in the implementation stage of this project as most of the businesses in phase 1 have been fiscalised or are in the process of doing so.
“Customers shopping at supermarkets and pharmacies which have been fiscalised, should receive the new fiscalised receipts which has a QR code allowing the receipt to be scanned and verified,” he said.
Mr Das urged customers to scan and verify their receipts using the FRCS receipt verificator app.
“You can download the app on your smartphone. It is free of charge and available on Google Play or Apple Store,” Mr Das said.
The FRCS had launched the VMS last year and so far they have accredited 13 point of sale systems and external sale devices.
A free point of sale (POS) application is also made available by FRCS and is compatible with smart phones and tablets (Android and IOS phones) and can be used by small businesses.
However, the functions of the application is limited to VMS compliance and no other accounting needs of businesses. This is only ideal for small businesses.
A statement from FRCS yesterday said Tech 360 (Fiji) Ltd was the latest vendor to join the list of accredited suppliers, with the supply of Ideal POS 7.
Mr Das said businesses that needed assistance with becoming compliant could refer to the Step by Step Instruction Guide which was also available on their website.