Fiji Time: 2:18 AM on Thursday 26 November

Fiji Times Logo

/ Front page / News

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.

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 0.62610.6071
JPY 58.229955.2299
GBP 0.31160.3036
EUR 0.44190.4299
NZD 0.72470.6917
AUD 0.65280.6278
USD 0.47310.4561



Exchange Rate updated on 25th November 2015

Today's Most Read Stories

  1. Left for dead
  2. MV Suilven sinks
  3. Father of two sent to prison
  4. Waqa out of team
  5. 350 tenants to lease residential lots
  6. Lack of consultation disappoints Kumar
  7. Formalisation of iTaukei villages nears completion
  8. Pa's labour of love
  9. School rewards students
  10. Ministry prepares for ILO

Top Stories this Week

  1. A-G: 'Let us not insult our fathers' Thursday (19 Nov)
  2. Students score zero Thursday (19 Nov)
  3. Exit 'reason' Friday (20 Nov)
  4. Left for dead Wednesday (25 Nov)
  5. Village headman arrested Friday (20 Nov)
  6. MV Suilven sinks Wednesday (25 Nov)
  7. 8 years for raping man Tuesday (24 Nov)
  8. Minister defends PM's trip Friday (20 Nov)
  9. MV Suilven sinks in Suva Harbour Tuesday (24 Nov)
  10. Friend indeed Monday (23 Nov)