FCCC tells businesses to pass down tax and duty reductions to consumers
Commission assesses prices of over 6,000 item brands

FCCC tells businesses to pass down tax and duty reductions to consumers

Commission assesses prices of over 6,000 item brands

By Vijay Narayan
Wednesday 22/07/2020
Fijian Competition and Consumer Commission CEO Joel Abraham. [image: FCCC/Facebook]

Fijian Competition and Consumer Commission CEO, Joel Abraham says they have already started work to ensure that duty and tax reductions announced in the 2020/2021 National Budget are passed down to the consumers.

Abraham says the new prices for alcohol are effective from Saturday July 18th and the retailers should be dropping the prices from the time they get the new stock from alcohol brewing companies while prices of other items are expected to drop from August 1st this year.

Abraham says they will also assess the landed cost of materials that contribute to the input cost of goods. He says if the duty for syrup is reduced and this is used for fizzy drinks, they will assess how the reduction is factored in.

He also says that businesses should not misrepresent to consumers and do not pocket the benefits from the reduction of other taxes.

They will assess the supply chain to ensure the duty is passed on the importer, the wholesaler, the retailer and the consumer.

He says there are certain goods that are kept in bonded houses and the cost of these goods will come down when that happens.

Abraham stresses that they will do fair assessments for the businesses and consumers.

He also says the commission knows the alcohol companies have released their VAT Inclusive factory prices, and the retailers are expected to put their mark ups and then set the retail prices.

The best prices are expected to be determined by competition, location of the retailers, size of the businesses and the costs associated with it and the mark up percentages.

I would like a Fijian COMPOL, and the COMPOL’s mentor will be an expat – Tikoduadua
Minister for Home Affairs and Immigration Pio Tikoduadua says he would like a Fijian national to be the Commissioner of Police and to be assisted by a...
3 hours ago
Ratu Wiliame to attend Peace in Ukraine Summit
President Ratu Wiliame Katonivere will attend the first ever Summit on 'Peace in Ukraine' later this week. The Summit will be held in Switzerland ...
1 hour ago

Over 200 children under the age of 5 succumb to pneumonia and neonatal illnesses – Dr Tudravu
Severe pneumonia and neonatal illnesses stand as the leading causes of child mortality in Fiji, and each year, over 200 children under the age of 5 ...
2 hours ago

FijiFirst Party facebook page deactivated
The official FijiFirst Party facebook page has been deactivated. As we approach 4pm June 28th 2024, when the FijiFirst is highly likely to be ...
3 hours ago

4 men arrested for alleged livestock theft in Waivuka, Ba
Four men have been arrested for an alleged case of livestock theft in Waivuka in Ba. Assistant Commissioner of Police – Operations, Livai Driu ...
3 hours ago

Police investigate alleged defilement of pregnant 14-year-old student
The Labasa Police are investigating a case of an alleged defilement of a 14-year-old student after the matter came to light when the girl’s parent ...
3 hours ago

fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Pre-Budget 2024-2025
2023-2024 National Budget Address2023-2024 Budget Supplement2023-2024 Budget ...
1 day ago

Crisis within FijiFirst relating to the termination of 17 MPs who voted for salary increases
A crisis has erupted within the FijiFirst party relating to the termination of 17 members of parliament who supported the government's motion to ...
2 days ago

Sayed-Khaiyum case on alleged payment of Saneem's taxes without proper approval
It is alleged that between the 30th of June, 2022 and the 12th of July, 2022 in Suva, whilst being employed in the civil service as the Acting Prime ...
2 days ago