Price for sweet biscuits, imported fruit juice, ice cream, snacks and sugar confectioneries to go up from Monday

Expect to pay more for sweet biscuits, imported fruits juices, ice cream, snacks obtained by roasting, frying, baking swelling or other means and sugar confectioneries from Monday as a 40 cents per kilogram or per liter domestic excise duty or 15 percent import excise duty will be levied from January 1st.

This was announced in the 2023-2024 national budget where the Fiji Revenue and Customs Service says the Social Responsibility Tax will be incorporated into the Pay As You Earn tax structure along with a 5 percent reduction for those earning above $270,000.

FRCS says to enhance administration in the banking sector, the Resident Interest Withholding Tax exemption on interest income less than $1,000 will be removed while the exception which is available to senior citizens, pensioners, or individuals with a gross annual income of $30,000 will still be available.

They say Airport Departure Tax will be increased to $140 and the fees for applications and renewals of tax agents license will be increased where the fee for new applications will go up from $436 to $500 while renewal fee will increase from $218 to $350.