Companies, co-operatives, estates, trusts and partnerships can now file their Corporate Income Tax for tax years 2015 to 2021 on the Taxpayer Online Service as it has now been launched by the Fiji Revenue and Customs Service
FRCS says Corporate Income Tax is one of the major tax processes of FRCS, which impacts over 35, 000 taxpayers.
They say for the 2021/2022 Financial Year, Corporate Income Tax had contributed 13.6% or $229.9 million towards the overall revenue collection of $1.692 billion and close to 40 Corporate Income Tax returns were filed successfully on Taxpayer Online Service on the first day of the roll-out.
They further say FRCS had planned to launch the Personal Income Tax online filing for tax years 2015 to 2021 on Taxpayer Online Service simultaneously with Corporate Income Tax online filing for tax years 2015 to 2021.
However, this implementation has been deferred to Tuesday due to technical complexities related to the migration of data from FRCS’s legacy system.
They say Taxpayer Online Service is a self-service platform that has transformed the Fijian tax administration with the aim to achieve voluntary compliance, self-assessment environments as well as enhanced the ease of doing business.
FRCS says to facilitate the roll-out of Personal Income Tax online filing for tax years 2015 to 2021 from Tuesday, there will be a system downtime from close of business from this Friday to Monday when the Taxpayer Online Service will be unavailable.
