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Talks on tax rebate

Felix Chaudhary
Tuesday, April 10, 2012

BUSINESSES in Nadi could receive tax concessions from the government to help get them back on their feet.

Nadi Chamber of Commerce and Industry president Doctor Ram Raju said a meeting held yesterday morning in the jet-set town was the first round of talks on tax concessions for businesses affected by floods two weeks ago.

"We met with representatives from the Fiji Customs and Revenue Authority, Water Authority of Fiji and Ministry for Primary Industries to discuss tax incentives or amnesties that could be implemented to assist Nadi's return to business as soon as possible," he said.

Dr Raju said despite their best efforts, only a handful of businesses would open today with many contemplating the financial impact of the flood damage to their establishments and weighing options and costs of relocating to safer ground.

"In the aftermath of 2009, we saw a few companies relocate to Martintar and Namaka and we can see further businesses do the same this time around," Dr Raju said.

"Many are still trying to recover from the January floods and when the unimaginable happened again on March 30, serious decisions have to be made."

One World Flight Centre owner Rajjat Chaudhary said unless incentives were introduced, he would seriously have to consider shutting down.

"I employ 27 people but the cost of rehabilitating my business will be enormous," he said.

"Every time we get hit by floods it costs me a lot of money and this time I have estimated costs at approximately $70,000."

Dr Raju said further talks on tax rebates and concessions would be held over the next few days.


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