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Green light for STT

Ropate Valemei
Thursday, December 06, 2012

CABINET has approved the Service Turnover Tax (Amendment) Decree 2012 and will come into effect next year.

Acting Prime Minister and Attorney-General Aiyaz Sayed-Khaiyum in a statement said the Amendment Decree followed the announcement in the 2013 Budget address by the Prime Minister and Minister for Finance Commodore Voreqe Bainimarama who noted the need to strengthen the collection of Service Turnover Tax (STT).

"Accordingly, persons or agents receiving rental money on behalf of home stay owners will need to be made accountable to pay Fiji Revenue and Customs Authority the 5 per cent STT every month with the net amount paid to the home stay owners," Mr Sayed-Khaiyum said in a statement.

He said the Service Turnover Tax Decree 2012 was amended in section 5 to make persons or agents receiving rent on behalf of the owner, an accountable person.


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