Fiji Time: 7:52 AM on Thursday 23 February

Fiji Times Logo

/ Front page / News

'Grossly unfair'

Dawn Gibson
Friday, February 14, 2014

DOUBLE taxation agreements (DTA) between Fiji and Australia have been deemed "one-sided".

In a press conference this week, Attorney-General Aiyaz Sayed-Khaiyum said the DTA with Australia was different to the one Fiji had with India.

"The Indian DTA has been quite generous , what I want to highlight is that the DTA with Australia is, in fact, very much one-sided," Mr Sayed-Khaiyum said.

"The withholding tax for example — a non-resident dividend withholding tax — with Indians it's 15 per cent, with the Australians it has been 20 per cent and, in fact, if you look at the withholding tax that the Australians have agreed to with other countries, bigger countries and other jurisdictions, it's also 15 per cent."

He noted that specifically with Fiji, the percentage was higher.

"And in 1995 the tax pairing provisions also dropped out. The Australians have refused to have the tax pairing provision.

"The tax pairing provision means, for example, if you have an Australian investor come to Fiji and take advantage of some of our tax free zones or reduced tax rates, they don't pay tax to us, but the Australians don't recognise this so when they go back to Australia, they have to pay tax on that income that's derived from an income that Fiji has forgone.

"That's obviously grossly unfair and I think some of these fundamental issues need to be addressed."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.64320.6242
JPY 56.218853.2188
GBP 0.39090.3829
EUR 0.46350.4515
NZD 0.68940.6564
AUD 0.64020.6152
USD 0.49140.4744

from

$0.00

Exchange Rate updated on 22th February, 2017

Today's Most Read Stories

  1. 2 dead in 48 hours
  2. Depression intensifies, expect heavy rain, wind
  3. Lucky escape for motorists
  4. Four-day walk for suffering brothers
  5. Countdown back to Parliament for Tui Cakau
  6. Call for election
  7. Seat in the House for Parmod Chand
  8. PRB pays out bonus
  9. Census crew to use tablet devices
  10. Women's hard work acknowledged

Top Stories this Week

  1. Villagers burn objects used for 'witchcraft' at village cleansing Saturday (18 Feb)
  2. Man dies in custody Saturday (18 Feb)
  3. Family given son's post mortem exam results Monday (20 Feb)
  4. Life in prison Thursday (16 Feb)
  5. A lifetime try as Jasa weds sweetheart Saturday (18 Feb)
  6. Qoro resigns as exchange boss Tuesday (21 Feb)
  7. $95,000 payout Monday (20 Feb)
  8. 2 dead in 48 hours Wednesday (22 Feb)
  9. No more sleeping in car Saturday (18 Feb)
  10. Acid leak at lami Thursday (16 Feb)