Fiji Time: 6:52 PM on Wednesday 28 September

Fiji Times Logo

/ Front page / News

Cut in rent stamp duty

Felix Chaudhary
Wednesday, September 03, 2014

THE Fiji Revenue and Customs Authority has reduced the stamp duty on residential tenants from $500 to $10 for those paying $700 and less in monthly rent.

And the Consumer Council of Fiji said the reduction of stamp duty on residential tenants would bring relief to low and middle income earning families in the country.

Last week, West-based businessman Prem Singh raised the issue in an article in this newspaper.

Mr Singh said the Fiji Revenue and Customs and Authority's decision to impose a flat rate $500 stamp duty fee on all residential tenants last year was an unfair tax on those who could least afford it.

In a statement issued yesterday, Council CEO Premila Kumar applauded FRCA's decision to reduce the stamp duty fee.

"The Consumer Council of Fiji welcomes the reduction of the stamp duty on residential leases as per the Stamp Duties (Amendment) Decree 2014, which came into force on August 30, 2014," she said.

"Residential tenants will now be required to pay only $10 for stamp duty per tenancy agreement if their monthly rental is below $700.

"Those who pay rent ranging from $700 to $1500 will be required to pay $20 as stamp duty.

"Residential tenants having rental rate above $1500 will be required to pay $500 for stamp duty."








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 0.65410.6351
JPY 50.416947.4169
GBP 0.37940.3714
EUR 0.44140.4294
NZD 0.68580.6528
AUD 0.64930.6243
USD 0.49730.4803

from

$0.00

Exchange Rate updated on 28th September 2016

Today's Most Read Stories

  1. Thugs invade homes
  2. Baby dies after allegedly falling out of vehicle
  3. Bainimarama withdraws remark
  4. Arrest made in carjacking case
  5. PM lodges complaint against MP
  6. Man charged for raping wife gets bail
  7. Residents fall
  8. Court sends rapist to jail
  9. Minister confident in new job
  10. Rise 'justified'

Top Stories this Week

  1. Nurse is a lawyer Friday (23 Sep)
  2. Ali beats 'death sentence' Thursday (22 Sep)
  3. Rugby death Tuesday (27 Sep)
  4. Road closure Saturday (24 Sep)
  5. Rawaca out Sunday (25 Sep)
  6. Private jets attract attention at Nadi Airport Sunday (25 Sep)
  7. After Ben Ryan Thursday (22 Sep)
  8. Three Cavuilati, 6 Olympians in Fiji 7s squad Sunday (25 Sep)
  9. Police investigate rugby 7s organiser Monday (26 Sep)
  10. Losing dad at Class 4 inspires Macanalagi Friday (23 Sep)