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Capacity building for officers

Filipe Naigulevu
Wednesday, September 13, 2017

CAPACITY building of investment and trade advisers is an important and a progressive step for an organisation such as Investment Fiji, says chief executive officer Godo Mueller-Teut.

And officers within the investment arm need to be aware of changes in taxation policies, he said.

As such, the organisation recently underwent training conducted by the Fiji Revenue and Customs Service (FRCS) focused on taxation and Customs policy.

Mr Mueller-Teut, in a statement, said such training opportunities would enhance Investment Fiji's service delivery.

"The Fijian Government makes relevant changes in the tax regime to attract investments and trade in the country," he said.

"As an organisation whose purpose is to bring in wealth for the nation, we firmly believe our officers must be aware of such changes."

Mr Mueller-Teut said the training would in turn enable their officers to provide sound investment and trade advice to clients.

"Since we are the first point of contact for the investors, it is equally important that our officers are well versed with the taxation laws," he said.

FRCS chief executive officer Visvanath Das reiterated that such training opportunities with organisations such as Investment Fiji were important.

"It's very critical that we work with organisations like Investment Fiji to ensure that investors are given information on issues such as duty and tax concessions," Mr Das said.

"It is also important to advise the investors on the significant reforms to the Fijian tax regime. Our tax policies are more investor friendly."

The FRCS, Mr Das said, also hoped to raise awareness on tax reforms to enhance compliance by investors and businesses through such initiatives.

This training session was conducted by FRCS director corporate service Fazrul Rahman.

"The tax laws now give a lot of rights to taxpayers. For example, investors now have the right to object to any decision by FRCS regarding their investment," Mr Das said.

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