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FRCA warns on tax

Shalveen Chand
Monday, April 28, 2014

INACCURATE employee information to the Fiji Revenue and Customs Authority by employers has resulted in the PAYE Final Withholding Tax system rejecting their electronic monthly summary (EMS).

FRCA chief executive Jitoko Tikolevu said one wrong information wouldresult in FRCA's system rejecting the whole EMS filed by an employer.

Under the new PAYE tax scheme, employers deal directly with employees including tax returns. The employers are required to file information with FRCA.

"We are having issues with employers submitting incorrect tax identification numbers (TIN) of employees. And because our system is designed to minimise human intervention, the whole EMS file is rejected," Mr Tikolevu said.

"Employers need to be aware that this new system is here to stay and they must accept and embrace the change. If employers can submit accurate information to banks to ensure their employees are paid every week or fortnight, they should exercise the same with FRCA every month.

"Banks won't accept inaccurate information and our system is just the same."

Mr Tikolevu acknowledged that some employers were still trying to adapt to the new change.

"FRCA is ready to assist any employer that is facing issues or challenges. But after April 30th penalties will be waived only for deserving cases.

"Our officers are ready to assist employers and they need to contact us before the deadline," Mr Tikolevu said.

The filing of the EMS is critical in the running of the commissioner's assessment, which will determine the tax liability of individual taxpayers.

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