Fiji Time: 7:27 AM on Thursday 8 October

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.

Code Inward TTs Outward TTs
CAD 0.61410.5951
JPY 57.033254.0332
GBP 0.30900.3010
EUR 0.41900.4070
NZD 0.72780.6948
AUD 0.66430.6393
USD 0.47080.4538



Exchange Rate updated on 6th October 2015

Today's Most Read Stories

  1. Mum upset
  2. FRCA duo sent home
  3. Fiji thrash Uruguay 47-15
  4. Patel is still in charge at Fiji FA
  5. Applications open for PS posts
  6. China's new glass-bottom walkway cracks
  7. Incident prompts new plea
  8. Ratu Epeli is the Opposition's nominee for President
  9. Minister launches TTF luxury coaches
  10. 'Domestic violence affects productivity'

Top Stories this Week

  1. Rugby outcry Monday (05 Oct)
  2. Fisherman has whale of a day Tuesday (06 Oct)
  3. Tired Wales march on after holding off feisty Fiji Friday (02 Oct)
  4. Man faces further charges of rape, indecent assault Friday (02 Oct)
  5. Family robbed, fear for lives Monday (05 Oct)
  6. Botia up for Wales clash Thursday (01 Oct)
  7. Escapee on the run Thursday (01 Oct)
  8. Court rules on woman's funeral rites Thursday (01 Oct)
  9. The murders and tragedies of Vatuwaqa Tuesday (06 Oct)
  10. Mum upset Wednesday (07 Oct)