Fiji Time: 6:13 AM on Wednesday 4 May

Fiji Times Logo

/ Front page / News

Stamp duty worry

Felix Chaudhary
Friday, August 29, 2014

BUSINESSES in the Western Division have called on the government to relook at the imposition of increased stamp duty on tenants which they claim is affecting small to medium enterprises and residential tenants.

Nadi businessman Prem Singh said the tax was unfairly imposed for a number of reasons.

"Previously, the stamp duty on tenants was one per cent of the annual rental," he explained.

"What has happened now is they are taxing $1000 for commercial and tourism-based tenants and $500 for residential tenants.

"And this is really affecting the ability of SMEs and low income earners to meet their financial obligations.

"While this may be a form of revenue earning for the government, it is hurting small business operators and ordinary people."

According to the Stamp Duties Act, residential tenants are required by law to pay a stamp duty fee of $500.

Queries sent to FRCA last week remain unanswered.








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 0.61600.5970
JPY 52.918849.9188
GBP 0.33400.3260
EUR 0.42590.4139
NZD 0.70610.6731
CAD 0.61430.5953
JPY 52.567249.5672

from

$0.00

Exchange Rate updated on 3rd May 2016

Today's Most Read Stories

  1. Spirit haunts village
  2. Bullet found on aircraft
  3. Sex talk worry
  4. FB post probe
  5. Villagers welcome lost son
  6. 4 shark attacks, 1 fatal
  7. Church raises sex education worry
  8. Ministry cracks down on illegal tobacco sales
  9. FLOTSAM AND JETSAM
  10. FTU wants screening processes back

Top Stories this Week

  1. Horror crash relived Wednesday (27 Apr)
  2. Tale of pain Monday (02 May)
  3. A son's fatal ride Monday (02 May)
  4. Boy needs $500 a week to live Monday (02 May)
  5. Spirit haunts village Tuesday (03 May)
  6. Father farewells son Wednesday (27 Apr)
  7. Cracks and holes deem building unsafe Monday (02 May)
  8. Family, friends bid farewell to car crash victim Monday (02 May)
  9. 7s eligibility Wednesday (27 Apr)
  10. Bullet found on aircraft Tuesday (03 May)