Fiji Time: 12:35 PM on Sunday 31 July

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 0.64150.6225
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. Early morning tragedy claims a life, another hospitalised
  2. Four jump from moving bus
  3. Couple retires after 70 years
  4. QVS teams dominate Deans Trophy semi-final clashes
  5. $700m bill
  6. Early morning body discovery
  7. Giteau, Fijian duo in Wallabies squad
  8. Long wait finally over
  9. Akbar: Cards on hold
  10. Westerners dominate

Top Stories this Week

  1. Tourist fined $400 for apples Tuesday (26 Jul)
  2. Fitter and faster Tuesday (26 Jul)
  3. Student jumps from school building Tuesday (26 Jul)
  4. Mum rises above limits Wednesday (27 Jul)
  5. Black money Monday (25 Jul)
  6. Alleged rape victim out of hospital Monday (25 Jul)
  7. Reaction from 7s players Monday (25 Jul)
  8. Alarm over 'illegal' property purchases Tuesday (26 Jul)
  9. Chilling out in Chile Thursday (28 Jul)
  10. Family legacy lives on Monday (25 Jul)