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
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.


FEATURE NEWS
Govt will not make more backdated payments to USP as discussions on VAT amount continue – Prof. Prasad
Deputy Prime Minister and Minister for Finance Professor Prasad has confirmed that the government will not make any more backdated payments to the Uni...
9 hours ago
LATEST NEWS
Maharaj calls Pacific Polytech chair’s email “childish”, moves to cut funding but later withdraws motion
Opposition MP Alvick Maharaj has criticised the chairperson of Pacific Polytech for sending an email questioning the scrutiny of government funding ...
9 hours ago

Residents of Vugalei District warned to take precautions amid flooding
Residents in the Vugalei District, especially in the villages of Naimasimasi and Nadaro, are being urged to take extra caution due to heavy flooding ...
12 hours ago

CFL signs Radio Media Partnership with Homecoming Festival Fiji 2025
Homecoming Festival Fiji has officially signed a radio media partnership with South Pacific's largest radio broadcaster, Communications Fiji Limited, ...
13 hours ago

Landslide occurs along Kings Road in Manoca
People must remain cautious as a landslide has occurred along Kings Road in Manoca, opposite Mara Road, extending into the Rewa River. The Fiji ...
14 hours ago

Expect heavy rain and flooding of low lying areas in the Central and Eastern divisions
People can expect heavy rain until tomorrow and this may lead to flash flooding of low lying areas. The Nadi Weather Office says a trough of low ...
14 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Professor Prasad on fijivillage Straight Talk With Vijay Narayan
The show will focus on the 2025/2026 National Budget.
9 days ago

Tui Nayau and Tui Lau Installation
The ceremony for the installation of the Tui Nayau Sau ni Vanua o Lau will be held tomorrow, while the installation ceremony of the Tui Lau will be held in Tubou on Thursday.
11 days ago

CFL 40th Birthday
CFL’s 40th Anniversary celebrations to culminate with free concert at Albert Park on ...
14 days ago

TOP