Fiji Revenue and Customs Service financial FRCS will now be required to furnish the Minister for Economy with a report on its activities for the first half of each financial year by the end of March rather than the end of August.
This is after the passing of the Fiji Revenue and Customs Service Amendment Bill 2021.
Minister for Economy Aiyaz Sayed-Khaiyum says this does not mean that FRCS has not been giving its yearly reports and they just wanted to get the alignment done so they get the half yearly reports in March.
SODELPA MP Aseri Radrodro says they support the amendment but they questioned the government what were the ramifications when the government changed its fiscal year.
Radrodro says this is not a small error that needs to be corrected.
NFP Leader Professor Biman Prasad says it is a simple change and they support the Bill.
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