Fiji Time: 11:57 PM on Sunday 26 October

Fiji Times Logo

/ Front page / Business

Budget benefits

Sherita Sharma
Tuesday, December 18, 2012

INCENTIVES offered by the 2013 Budget will benefit investments in the country, says Investment Fiji chief executive officer Ravuni Uluilakeba.

The incentives would also mean greater awareness for potential local and foreign investors. He said the removal of the $250,000 minimum investment requirement and the reduction of corporate tax from 20 to 17 per cent would attract a lot of investors.

"A corporate tax of 17 per cent is one of the lowest you can see across the Asia-Pacific region," he said.

"When you look at the investment numbers coming into the country, we have bettered our targets."

He said registrations for investments were almost over 20 per cent.

"Regarding implementation, we are well our target of $600m. It shows confidence of investors and at the same time creates more ease of doing business into the country."

The World Bank ranking placed Fiji's ease of doing business status as 60 compared to 77 last year.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Siblings in shock
  2. Koroi ready to help Fijian scrum during Europe tour
  3. Farewell Duke
  4. In the dark
  5. Forum lifts Fiji ban
  6. Taskforce rakes in $500k in rent arrears
  7. Group of companies hold inaugural Pinktober celebrations
  8. Inglis salutes new Kangaroos X-factor
  9. Separating fact from myth
  10. Relief for farmers

Top Stories this Week

  1. Death shocks family Monday (20 Oct)
  2. Inside Fiji sevens Tuesday (21 Oct)
  3. Budget overspent Wednesday (22 Oct)
  4. Public access Tuesday (21 Oct)
  5. Kepa's not weak Friday (24 Oct)
  6. Full pay while on leave Friday (24 Oct)
  7. Forgery suspect still in remand Tuesday (21 Oct)
  8. $20m in excess Wednesday (22 Oct)
  9. Ryan's fight to help 7s Friday (24 Oct)
  10. $11.9m in arrears Wednesday (22 Oct)