Fiji Time: 5:48 AM on Saturday 30 July

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.

Westpac
Code Inward TTs Outward TTs
CAD 0.64150.6225
JPY 51.982948.9829
GBP 0.36900.3610
EUR 0.44000.4280
NZD 0.69550.6625
AUD 0.65310.6281
USD 0.48960.4726

from

$0.00

Exchange Rate updated on 29th July 2016

Today's Most Read Stories

  1. 'Complete waste'
  2. Sevens unite
  3. Last lot to Rio
  4. Execs at loggerheads
  5. Fearless Riwai
  6. Edible bamboo import
  7. Farmers submit proposal
  8. Agents of change
  9. Qiliho assures safety
  10. $12.5m for minors

Top Stories this Week

  1. Sami's best try Saturday (23 Jul)
  2. Radio announcer in court Saturday (23 Jul)
  3. Tourist fined $400 for apples Tuesday (26 Jul)
  4. Fitter and faster Tuesday (26 Jul)
  5. Student jumps from school building Tuesday (26 Jul)
  6. Black money Monday (25 Jul)
  7. Mum rises above limits Wednesday (27 Jul)
  8. Allegiance switch Sunday (24 Jul)
  9. Alleged rape victim out of hospital Monday (25 Jul)
  10. Reaction from 7s players Monday (25 Jul)