Fiji Time: 2:09 PM on Sunday 21 December

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.

Today's Most Read Stories

  1. Millionth man
  2. Mourinho urges Hazard
  3. Rodgers makes sharp exit
  4. Lapse of defence costly
  5. Wardens win Mokani 7s meet
  6. $10m for State coffers
  7. In the top 3
  8. Van Gaal waits for 'perfect' game
  9. Joy of sharing and caring this festive season
  10. Good Samaritans bring smiles to gloomy faces

Top Stories this Week

  1. TV pair sent home Wednesday (17 Dec)
  2. My boy, my hero Monday (15 Dec)
  3. Justice and sleep at last Thursday (18 Dec)
  4. She's gone but the pain stays Tuesday (16 Dec)
  5. TERROR ALERT Gunmen strike Sydney cafe Tuesday (16 Dec)
  6. Clan leader calls for harsher penalties Wednesday (17 Dec)
  7. Five-try Fiji forge Plate final berth Monday (15 Dec)
  8. Court told of baby's tragic end Thursday (18 Dec)
  9. 441 new positions Wednesday (17 Dec)
  10. A-G: Claim ludicrous Friday (19 Dec)