The Fiji Revenue and Customs Service has collected net revenue of $3.510 billion for the financial year ended 31st July 2026—the highest annual revenue collection recorded by the Service.
FRCS says the result is $136.2 million, or 4 percent, above the Government’s annual forecast of $3.374 billion.
They say it is also $25.8 million, or 0.7 percent, higher than the $3.485 billion collected in the previous financial year.
FRCS Chief Executive Officer Udit Singh says the result demonstrated the resilience of Fiji’s economy despite geopolitical uncertainty, international fuel-supply pressures, imported inflation and softer expectations for tourism and consumer activity.
He says this record result reflects the strength of Fiji’s underlying business and employment base.
Singh says businesses continued to operate and contribute, employers maintained jobs and wages, trade remained active, and taxpayers continued to support the country despite a challenging economic environment.
FRCS says growth was led by Net Income Tax, which increased by $53.7 million, Net Customs collections, which increased by $46.6 million, and Departure Tax, which increased by $43.7 million.
Within these categories, PAYE increased by $37.9 million and Company Income Tax rose by $28.3 million.
FRCS says these results point to continued resilience in formal employment, wages, and business profitability.
They say Fiscal Duty, Domestic Excise Duty, Withholding Tax, and Import Excise Duty also recorded positive annual growth.
FRCS confirms Net VAT declined by $102.8 million compared with the previous year, principally reflecting the reduction in the VAT rate from 15 percent to 12.5 percent, together with refund and payment-timing effects.
They say the decline should therefore not be interpreted as an equivalent reduction in underlying economic activity.
FRCS says the July collection was $288.8 million, which was $16.6 million below forecast and $22.3 million below July 2025.
They say the softer monthly result was influenced by the timing of Company Income Tax payments and higher refunds.
The Service says nevertheless, the strong performance over the preceding eleven months enabled FRCS to finish the year well above its annual forecast.
Singh says the result was broadly consistent with the Reserve Bank of Fiji’s assessment that the economy continues to grow, although at a slower pace and with elevated risks from fuel prices, inflation, and global uncertainty.
He says we should view this achievement with confidence but not complacency.
Singh stresses the economic risks remain real, but the breadth of the revenue result shows that Fiji enters the new financial year with a resilient economic and fiscal foundation.
The CEO thanked Fiji’s taxpayers, businesses, employers, importers, exporters, customs brokers, and tax agents for their contribution.
He says this achievement belongs first and foremost to Fiji’s taxpayers.
Singh stresses every dollar collected supports essential public services, including healthcare, education, infrastructure, social assistance, and border protection.
He also thanked the FRCS Board for its leadership and governance, their staff for their professionalism and commitment, and the Government, Ministry of Finance, Reserve Bank of Fiji and their partner agencies for their continued cooperation and support.
