Fiji Time: 5:13 AM on Tuesday 4 August

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 0.62020.6012
JPY 59.217656.2176
GBP 0.30250.2945
EUR 0.43120.4192
NZD 0.72270.6897
AUD 0.65010.6251
USD 0.47560.4586

from

$0.00

Exchange Rate updated on 3rd August 2015

Today's Most Read Stories

  1. Possible delay in military farewell, Tikoitoga busy
  2. Mind game
  3. World cup dream for Lockington
  4. Opposition agree to acting post
  5. In the hall of fame
  6. Nurse scoops carnival title
  7. Ba magic
  8. Tikoitoga: Senior officers' support 'very intact'
  9. Spill injures mill worker
  10. Increasing consumption worry

Top Stories this Week

  1. Dad dies, kids worry Tuesday (28 Jul)
  2. Distraught mum recalls promise Tuesday (28 Jul)
  3. Sex trafficking source Thursday (30 Jul)
  4. Teary farewell for trio Friday (31 Jul)
  5. Final goodbye Wednesday (29 Jul)
  6. Possible delay in military farewell, Tikoitoga busy Monday (03 Aug)
  7. No say over lease Friday (31 Jul)
  8. Suspended teacher to explain Wednesday (29 Jul)
  9. Commander resigns Sunday (02 Aug)
  10. Mind game Monday (03 Aug)