Fiji Time: 7:55 AM on Wednesday 1 June

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 0.61980.6008
JPY 53.390050.3900
GBP 0.32380.3158
EUR 0.42620.4142
NZD 0.71570.6827
AUD 0.66380.6388
USD 0.47690.4599

from

$0.00

Exchange Rate updated on 31st May 2016

Today's Most Read Stories

  1. Rio dilemma
  2. Former council worker jailed for raping girl, 16
  3. Shark attack survivor falls just short
  4. Chiefly dispute
  5. A-G warns against abuse of home initiative
  6. Fiji, France negotiate further military co-operation
  7. 85,000 study in tents
  8. State pushes for vital Bills
  9. Man, 85, awaits bail ruling for alleged rape of 11-year-old
  10. Different approach to Savusavu tourism

Top Stories this Week

  1. Tears of joy for Jerry's family Thursday (26 May)
  2. Hayne, Ryan miss out Wednesday (25 May)
  3. Prophecy of Nasautoka Come and drink of this life-giving water Sunday (29 May)
  4. Remains of missionary receives a proper burial 200 years later Friday (27 May)
  5. Mother 'locks up' son to go clubbing Sunday (29 May)
  6. Families live in fear Friday (27 May)
  7. 7s fans disappointed Thursday (26 May)
  8. Man found dead Monday (30 May)
  9. 13 for Rio Saturday (28 May)
  10. Fiji Airways gives free trip to 7s players Wednesday (25 May)