All Hardware Companies, Accounting Firms, Medical Centers, Travel Agencies and Law Firms are now required by law to install and operate an Electronic Fiscal Device by 30th June 2018.
Fiji Revenue and Customs Service CEO Visvanath Das has confirmed this saying this follows a government gazette last week.
He says these companies, agencies and firms are part of phase 2 of the implementation of the VAT Monitoring System.
Das adds that the deadline for those that fall under the first phase of the project has been extended from 31st December 2017 to 28th February 2018.
This means that companies will have additional two months to implement the system.
So far three supermarkets who are part of the first phase are undergoing “live tests” in the Central Division and Das says plans are also in pipeline to pilot these in Northern and Western Divisions.
Das says they believe that this system will reduce revenue leakages and will encourage voluntary compliance at the same time.
