Fiji Time: 11:37 PM on Saturday 27 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 0.63900.6200
JPY 50.424247.4242
GBP 0.37370.3657
EUR 0.43830.4263
NZD 0.68420.6512
AUD 0.65260.6276
USD 0.49640.4794

from

$0.00

Exchange Rate updated on 26th August 2016

Today's Most Read Stories

  1. Veremalua gets help from Ryan on overseas contract
  2. Apologies as fans seek Ryan
  3. Beggar braves the heat for festivity
  4. Cost of living
  5. It's gold for all
  6. Fijian family survives quake
  7. Nagusa clears the air
  8. Impact of VAT cutback
  9. Firm takes action over mynah nuisance
  10. Crowd delights chief

Top Stories this Week

  1. Ardent fan escorted out of celebrations Sunday (21 Aug)
  2. God — is he dead? Maybe, but not Osea Kolinisau's Sunday (21 Aug)
  3. Wong helps Rawaca get a gold medal Friday (26 Aug)
  4. 1 charged, 2 under probe for break-in Thursday (25 Aug)
  5. Ryan confirms decision to leave Fiji Sunday (21 Aug)
  6. Taliga eyes Tokyo Tuesday (23 Aug)
  7. 5.1 magnitude earthquake occurs in Fiji Monday (22 Aug)
  8. 7s top job Tuesday (23 Aug)
  9. Veremalua gets help from Ryan on overseas contract Saturday (27 Aug)
  10. Police escort fan away Monday (22 Aug)