Fiji Time: 6:33 PM on Wednesday 7 October

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.

Code Inward TTs Outward TTs
CAD 0.61410.5951
JPY 57.033254.0332
GBP 0.30900.3010
EUR 0.41900.4070
NZD 0.72780.6948
AUD 0.66430.6393
USD 0.47080.4538



Exchange Rate updated on 6th October 2015

Today's Most Read Stories

  1. Mum upset
  2. Fiji thrash Uruguay 47-15
  3. FRCA duo sent home
  4. Patel is still in charge at Fiji FA
  5. Applications open for PS posts
  6. China's new glass-bottom walkway cracks
  7. Incident prompts new plea
  8. 'Domestic violence affects productivity'
  9. Minister launches TTF luxury coaches
  10. Authorities investigate fire incidents and death

Top Stories this Week

  1. Rugby outcry Monday (05 Oct)
  2. Fisherman has whale of a day Tuesday (06 Oct)
  3. Tired Wales march on after holding off feisty Fiji Friday (02 Oct)
  4. Man faces further charges of rape, indecent assault Friday (02 Oct)
  5. Family robbed, fear for lives Monday (05 Oct)
  6. Botia up for Wales clash Thursday (01 Oct)
  7. Escapee on the run Thursday (01 Oct)
  8. Court rules on woman's funeral rites Thursday (01 Oct)
  9. The murders and tragedies of Vatuwaqa Tuesday (06 Oct)
  10. Sex offenders top list, taxpayers foot $15,660 per day Tuesday (06 Oct)