Fiji Time: 6:39 AM on Wednesday 18 October

Fiji Times Logo

/ Front page / Business

RBF extends amnesty

Monika Singh
Saturday, August 12, 2017

THE amnesty announced by the Fiji Revenue and Customs Service extends to exchange control regulations where offshore assets are involved.

In a statement issued by the Reserve Bank of Fiji acting governor Ariff Ali confirmed that the central bank would not take any legal action for any submissions made during this period.

Mr Ali said the measure was necessary to effectively support the tax amnesty as the RBF had done in the past.

However, the central bank also confirmed that the offshore assets must be specifically declared to the RBF as well as the Fiji Revenue and Customs Service during the amnesty period which ends on December 31, 2017.

Mr Ali said Fijian residents, including companies incorporated in Fiji and residents residing abroad, holding offshore bank accounts, foreign investments and properties without RBF approval were to submit full disclosures of their total offshore asset holdings before the end of the amnesty period.

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 0.62160.6026
JPY 56.274453.2744
GBP 0.37320.3652
EUR 0.42070.4087
NZD 0.69850.6655
AUD 0.63540.6104
USD 0.49810.4811



Exchange Rate updated on 17th, October, 2017

Today's Most Read Stories

  1. Man allegedly hit by bulldozer blade, dead
  2. Faith, a true survivor against all odds
  3. Bati visits Ra villages
  4. 11 vye for Miss Fiji crown
  5. Fiji Airways to ground aircraft until cleared to fly
  6. 'Let's bring it to life'
  7. Full force for polls
  8. Affordable housing
  9. NCDs' shocking stats
  10. Health audit

Top Stories this Week

  1. 30 officers dismissed from force Friday (13 Oct)
  2. Final in mind Monday (16 Oct)
  3. Man allegedly hit by bulldozer blade, dead Tuesday (17 Oct)
  4. 'Hell on Earth' Thursday (12 Oct)
  5. Cyclones predicted to hit Fiji Wednesday (11 Oct)
  6. $8m drugs seized Friday (13 Oct)
  7. Villagers pass around eTransport card Monday (16 Oct)
  8. Plans for Bati Sunday (15 Oct)
  9. Unsolved mystery of MV Joyita Sunday (15 Oct)
  10. Fijian overstayers Thursday (12 Oct)